The growing number of lone parent families could be driving an increase in the number of women applying for life cover says Click.
A study of 250,000 men and women by the online life broker reveals the number of female life cover applications has grown from 8.8% in March 2006 to around 34.5% a year later. Click says the increase in female applications coincides with a fall in male submissions from 91.2% to just 65.5% during the same period, and it suggests the figures follow the socio-economic trends research from the Office of National Statistics. The data shows 90% of lone parent families are headed by a woman, many of whom have never been married. Steve Teague, managing director of Click, says the data also reve...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes