Research from Scottish Widows also shows only 13% of mums have a critical illness policy
New research by Scottish Widows has revealed that the majority of mums are unprotected financially. According a survey of 5,077 adults in the UK, 60% of women with a dependent child have no life insurance, while only 13% have a critical illness policy. About 31% of mothers admitted that their household would be placed at financial risk if they lost their income unexpectedly, while one in four (25%) claimed they could only pay their mortgage for a maximum of three months and two fifths (39%)...
Group life, critical illness and income protection business bought from Munich Re
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Rising cost of living and poor savings putting extra pressure on households