Consumers don't know where to cutback if ill or injured: Cirencester Friendly

Income protection research

Cameron Roberts
clock • 1 min read

Provider, Cirencester Friendly, as published research which showed 56% of consumers do not know how they would cut back on spending if they could not work because of an accident or illness.

Among the 44% of people who could identify cutbacks, eating out, takeaways and TC subscription services were the first on the chopping block. Other areas to cut back on were new clothes, gym memberships, smoking and drinking. The provider highlighted that 3% would cut back on heating first, should they be unable to work. Alan Waddington, distribution director, Cirencester Friendly, said: "It is worrying that so many people can't identify anything they could cut back on if they couldn't work for a month. It illustrates a significant number of families have no financial safety net to fa...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Insurer

39% of adults living with ongoing medical conditions: The Exeter

39% of adults living with ongoing medical conditions: The Exeter

Self-employed among the most impacted

Cameron Roberts
clock 16 December 2025 • 1 min read
Rose St Louis to depart Scottish Widows

Rose St Louis to depart Scottish Widows

Kate Lyons to take over

Jaskeet Briah
clock 15 December 2025 • 2 min read
HSBC Life acquisition approved for Chesnara

HSBC Life acquisition approved for Chesnara

Completion expected by end of January

Jaskeet Briah
clock 15 December 2025 • 2 min read