60% of UK women with dependent child have no life cover

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%) said they would have to use their savings to cover themselves financially if placed in adverse ...