22% of adults without children delay taking out protection: L&G

11% were putting off financial decisions until marriage

Jaskeet Briah
clock • 2 min read

Two out of five (21%) UK adults who have not started a family yet said this was a reason for putting of financial decisions, including taking out protection (22%), according to Legal & General (L&G).

The provider surveyed 2,000 UK adults and found that overall, five million households without children were lacking either life insurance, pensions or savings. The research found that 6.5 million (12%) adults were waiting until marriage, becoming parents or owning a home to engage with financial products, including life insurance, pensions or savings. Specifically, 11% were putting off these decisions until they got married and 17% were waiting until they purchased their own home. Analysis of official records found that the average age at which adults buy a home (34 years old) and ...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • 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 Individual Protection

Mental Health Awareness Week is not just for clients

Mental Health Awareness Week is not just for clients

Mental health resources and opinion

Cameron Roberts
clock 15 May 2026 • 4 min read
Third of LV= customers accessing mental health support aged 26-35

Third of LV= customers accessing mental health support aged 26-35

Anxiety primary reason for access

Jaskeet Briah
clock 14 May 2026 • 1 min read
£1m paid out to Waddle Insurance customers

£1m paid out to Waddle Insurance customers

Average claim took 90 days to complete

Jaskeet Briah
clock 07 May 2026 • 2 min read