Research explores potential financial strain on parent finance of offspring not being able to work
Only 27% of parents say they could cope financial if their child fell ill and could not support themselves, a survey of 500 people by Old Mutual Wealth has found. A further 43% said it would put a strain on their financials, while the rest said they would struggle to cope or fail to cope at all. Despite this, none of the respondents aged 18 to 34 said they would pay for critical illness cover for their child after they reach 21, however all of these respondents said they would pay for their...
Percentage stats for each provider
On individual families
‘Seeing the wood for the trees’
The importance of getting it right