Parents less likely to have appropriate life cover: Hargreaves Lansdown

Overall, 62% of couples without children had enough life cover in place, HL detailed, compared to couples with children (26%) and single parents (8%). HL noted the difference in cover is likely because parents didn't realise that they have a shortfall or they were worried about the cost of cover. For couples without children, 79% had enough emergency savings to cover at least three months' worth of essential expenses. However, this dropped to 65% for couples with children, 52% for single people, and 24% for single parents. Sarah Coles, HL head of personal finance, said everyone sho...