Savings trump life cover for over 50s during pandemic

OneFamily survey

John Brazier
clock • 1 min read
Savings trump life cover for over 50s during pandemic

Research shows that only one-in-three over 50s were covered by life insurance throughout Covid-19 pandemic year

The results of a survey of over 2,000 UK adults over 50 years of age, conducted by Opinium in January and February this year, show that just over half of respondents (52%) prioritised putting money into savings instead of paying for life cover. Despite these varying levels of coverage, three in 10 over-50s stated that it was "more important than ever" to have life insurance in place, rising to 47% among those with a mortgage still to pay, indicating that still having costs to pay on a home is...

To continue reading this article...

Join Cover

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around Covid-19, regulation, diversity and mental health.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Group Protection