This aphoristic statement augurs ill from both a public policy and personal wellbeing perspective, implying that people that fall seriously unwell will be forced to fall back on the state and are likely to suffer a significant drop in lifestyle, or worse.

But what does this really mean? How under-protected are we, and what are we referring to when we cite a lack of adequate personal insurance? Which products should people be taking out that they are not?

This special report will seek to flesh out and quantify the protection gap, and offers some solutions from the industry as to how to fill the void.

This content is sponsored by Bright Grey. All editorial is independent.