Only 18% of adults living alone have life insurance

According to its survey of 10,000 people, 18% of those who live alone have life insurance, whereas parents with children under the age of 18 (50%) and those living with a spouse (38%) or partner (33%) were more likely to have cover. By comparison, a higher proportion of single people living alone had home insurance (55%) in place, although this was still a lower figure than for those living with a spouse (73%). YBS said that while living with loved ones often encourages people to protect each other, it warned that single people may be more exposed to life shocks, including serious ill...