60% of UK women with dependent child have no life cover

Adam Saville
clock • 2 min read

Research from Scottish Widows also shows only 13% of mums have a critical illness policy

New research by Scottish Widows has revealed that the majority of mums are unprotected financially. According a survey of 5,077 adults in the UK, 60% of women with a dependent child have no life insurance, while only 13% have a critical illness policy. About 31% of mothers admitted that their household would be placed at financial risk if they lost their income unexpectedly, while one in four (25%) claimed they could only pay their mortgage for a maximum of three months and two fifths (39%) said they would have to use their savings to cover themselves financially if placed in adverse ...

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

Falls at home represent most common type of accident

Falls at home represent most common type of accident

National Friendly research

Jaskeet Briah
clock 21 January 2025 • 2 min read
Risk of rejection causing one in 10 adults to stop protection applications

Risk of rejection causing one in 10 adults to stop protection applications

LifeSearch research found

Jaskeet Briah
clock 20 January 2025 • 2 min read
Mortality hits record low in 2024: CMI

Mortality hits record low in 2024: CMI

Death rates down in all age categories

Jaskeet Briah
clock 16 January 2025 • 2 min read