Parents ignore life insurance

A survey from life company Scottish Widows, finds more than a third of homeowners have no life insurance at all, while 72% are not insured against critical illness or long term absence from work leaving them to rely on the State. The provider finds only one in ten homeowners review their life insurance needs upon the birth of a child, while 26% review their requirements for critical illness insurance, against 14% who review their credit cards. Nick Kirwan, director of protection marketing at Scottish Widows, says new parents in particular are currently being encouraged to take out chil...