Life insurance among top signs of becoming an adult

clock

Life insurance has been placed sixth on a list of signs becoming an adult, being seen as a sign of becoming an adult by 21% of respondents to a survey for Beagle Street.

The research also found that the average age for feeling that you've become a grown-up is 29, although in some parts of the UK this was later.

In Norwich respondents felt like an adult at 31 and three months, while those in Brighton felt like an adult at the age of 31.

The most commonly named sign of becoming an adult was buying a first home, which signified becoming an adult for 64% of the 2000 adults surveyed.

Becoming a parent was cited by 63% of those surveyed as a sign of becoming an adult.

Getting married came third being cited by 52% of respondents, paying into a pension was cited by 29% coming forth and becoming house proud was rated fifth.

Reasons for not feeling an adult included relying on parents, named by 42%, and living at home longer, cited by 36% of those surveyed.

Matthew Gledhill, managing director of Beagle Street, said: "The research shows that growing up is less about years and more about reaching milestones in life like getting married, becoming a parent or buying a home.

"With each of these life events there is a need to take responsibility and a need to become an adult as you have people depending on you to do so."

Further reading:

Beagle Street reveals top priorities for mortgage life insurance

Beagle Street produces #LeapSecondMovie

Madonna falls and life insurance sells - Beagle Street

 

More on Individual Protection

Children's mental health referrals peaked during pandemic: Royal London

Children's mental health referrals peaked during pandemic: Royal London

Signposted to RedArc for support

Hemma Visavadia
clock 08 August 2022 • 2 min read
Self-reported symptoms of Long Covid drop during summer

Self-reported symptoms of Long Covid drop during summer

1.8 million at start of July

John Brazier
clock 05 August 2022 • 1 min read
Anna Glod highlights 'bad practises' of Utility Warehouse non-advised IP sales

Anna Glod highlights 'bad practises' of Utility Warehouse non-advised IP sales

“They were trying to sell an Income Protection policy to me without even checking what my occupation, earnings, or health was.”

John Brazier
clock 04 August 2022 • 2 min read

Highlights

FCA gives three-month Consumer Duty extension for advisers

FCA gives three-month Consumer Duty extension for advisers

Deadline of 31 July 2023

Hemma Visavadia
clock 27 July 2022 • 5 min read
Meet the firm turning professional athletes into protection advisers

Meet the firm turning professional athletes into protection advisers

"You're only ever as good as your last game, but your next game could be your last"

Hemma Visavadia
clock 25 July 2022 • 5 min read
The COVER Review July 2022: Protection & Financial Education, IPAW 2022 and Reviewing 2022 So Far

The COVER Review July 2022: Protection & Financial Education, IPAW 2022 and Reviewing 2022 So Far

Now available for members to watch

John Brazier
clock 20 July 2022 • 1 min read