Renters far less protected than homeowners despite financial worries

Survey of 2,004 shows

Adam Saville
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Renters far less protected than homeowners despite financial worries

Number of households renting privately with children in UK has risen to nearly 1.6 million

Research from Sainsbury's Bank recently revealed that only a quarter of renters (26%) are likely to have life insurance or critical illness cover compared to almost half of homeowners (41%). The study also found that 54% of renters are more concerned than homeowners (48%) about their financial situation should they pass away, with 21% worrying about this on a weekly basis compared to 16% of homeowners. According to the survey of 2,004 UK adults, the top reason renters do not have life insurance...

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