Only one in five people in the UK feel very confident their family would be financially secure if the unexpected were to occur, according to new research* that warns of a lack of financial resilience.
Some 35% believe their family could ‘manage for a while’, the research revealed, but almost a quarter weren’t confident at all that their loved ones would cope.
Women (49%) were less certain their family would be secure than men (67%), while employees at large companies were more confident than their peers at small businesses.
The least confident age cohort were those between 45 and 54, of whom one in three said their family would not manage financially.
Jack Southcott, Head of Protection Proposition at The Exeter, said: “With only 22% of UK adults saying they are very confident in their family’s ability to be financially secure if the unexpected happened, it’s clear that many households would struggle to cope longer-term.
“Increasing consumer awareness of the valuable safety net provided by protection insurance products is essential in improving the financial resilience of UK households.
“Products such as life insurance can provide greater reassurance for individuals and their loved ones if the worst happens. It’s also important that consumers consider speaking to their adviser about putting a policy in trust or nominating beneficiaries to ensure any benefit paid goes to the right people without delay.”
The research was conducted among 2,000 nationally representative UK consumers between August 6-8 2025 by protection and healthcare insurer The Exeter.
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