Group protection market displaying a 'gender paradox'

L&G study shows

John Brazier
clock • 2 min read

Fewer women are engaging and understanding group protection benefits and services than men, despite showing higher levels of awareness and understanding, according to Legal & General (L&G) research.

The study of just over 1,000 UK employees with access to either group income protection (GIP), critical illness cover (CIC) and employee assistance programmes (EAPs), showed that despite displaying a higher level of understanding regarding the limitations of state health and welfare limitations, engagement with group protection benefits was lower among women compared to men. L&G found that two-thirds of women (66% and similarly 63% of men) find these policies relevant to their health, wealth and happiness, yet far fewer women (56%) than men (68%) have engaged with these benefits.   On...

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