Protection: Only 25% of families are covered if the worst happens

Only 25% of families are protected if the worst happensThe number of parents who have adequate protection should they die or become seriously ill is falling to dangerously low levels. Parents with dependent children have a number of options to ensure their family can cope financially in the event of serious illness or death; these include Life Cover, Critical Illness Cover and Income Replacement, also known as Permanent Health Insurance of PHI. However the research from Scottish Widows shows that the number of adults protecting their family is falling: Only 24% of adults ...

If you die or get ill, how long before the money runs out?

If you die or become ill how long before the money runs out 150pxA new report makes sober reading for anyone with a family or other financial dependents. The 2013 Deadline to Breadline Report from Legal & General,  looks at the impact of the main breadwinner dying suddenly or becoming ill. It's clear many households are worse off this year than they were in 2013.  Despite this some of the findings are both surprising and extremely worrying In the event of the main breadwinner dying ...

Protection: Whether you are single, a couple, married, or have children. What personal insurance do you need?

Whether you are single, a couple, married, or have children. What personal insurance do you need?We know that personal insurance is never going to be the most interesting of subjects, that is until you are ill or die, and additional income or capital would have come in handy. Insurance is a complex world, so we thought we’d put together a simple guide, looking at what type of personal insurance you need, depending on your personal circumstances. Our ...

Protection: Single parents take risk with life insurance

A new survey has shown that single parents are less likely to have protection in the event of their death, or serious illness. The survey, by Sainsbury’s Life Insurance, found that less than a third of single parent families had Life Insurance. The same was true for households with unmarried parents, where only 31% had Life Insurance, and also for sex parents where the figure falls to 23%. In contrast, 50% of married couples have some form of Life Insurance or Critical Illness Cover. Whilst single parents may find it harder to find the spare income to pay for these types of ...