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 ...
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