Men in 30s buy into protection with increased cover levels

clock

Men in their 30s have increased the amount they insure themselves by a fifth (20%) in the past year, according to new figures from Scottish Provident.

Women are also shown to have increased the amount they typically insure themselves for, but it is the men in their 30s that are leading the way. For men in their 40s and 60s levels of cover are now shown to be equalling the women, as this figure has increased by 10% in the past year; it would appear that only those in their 50s are bucking this trend, men increasing by just 6%, with the amount women in this age group value themselves at seeing a fall of 8%. Scottish Provident head of product development Ian Smart said: "We have seen a trend over the past year with both men and women i...

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

Join

 

Already a Professional Adviser member?

Login

More on Protection

Pure protection in focus: FCA market study raises regulatory expectations for 2026

Pure protection in focus: FCA market study raises regulatory expectations for 2026

Commission models and fair value under scrutiny

Joe Norburn
clock 20 February 2026 • 6 min read
Scottish Widows adds beneficiary nomination

Scottish Widows adds beneficiary nomination

For life policies

Cameron Roberts
clock 18 February 2026 • 1 min read
Chesnara to close HSBC Life UK to new protection business

Chesnara to close HSBC Life UK to new protection business

Follows £260m acquisition

Jaskeet Briah
clock 04 February 2026 • 3 min read