Parents with young families 'need protection most'

A study by HSBC Life has surveyed financial advisers to find out where there is likely to be most demand for protection insurance. According to the survey, 53% said that parents with young children will have the biggest need for protection going forward, followed by employees with limited access to employee benefits (45%), self-employed (39%), small business owners (37%) and gig economy workers (32%), which are those least likely to benefit from sick pay, holiday pay and redundancy pay. According to the Association of British Insurers (ABI), a significant number of households are unde...