Less than one in five parents take out life cover to protect their finances in case of them dies, according to new research.
Aegon has published a guide to State bereavement payments that will be issued with all death claim packs.
Half the life insurance claims received by Scottish Provident last year were made for those under 55 years old, the insurer has revealed.
Bereavement benefits need to be altered to better support those who have suffered the death of a loved one, government research has found.
Young adults are just as aware of the need to protect their income and health as their elder peers, but fall behind when it comes to life insurance and critical illness (CI).
LV= has announced it paid 91% of income protection (IP) and 88% of critical illness (CI) claims in 2011.
Grieving clients could be missing out on thousands of pounds worth of state bereavement benefits, RGA has said.
Dozens of soldiers have been killed in Afghanistan without taking out life insurance while thousands more have served active duty without cover, it has been revealed.
Sex is the only subject more taboo than finances for UK families as many find the conversations too awkward and uncomfortable, a new report has revealed.
Protection complaints continued to rise during the year and have already breached last year's totals in some product areas.