Author
14 February 2019
Perspective
14 February 2019
Financial Protection
Families left in a precarious situation if the unforeseen were to happen
We all intend that our plans will come good. But making sure that you and your family can cope if you fall ill or die prematurely is something we can too easily put to one side. In particular, a recent study identified that financial protection is something that millions of fathers in the UK, and their families, could benefit from.
More than half (58%) of men in the UK with dependent children have no life insurance, meaning that just over 4.5 million dads[1] are leaving their families in a precarious situation if the unforeseen were to happen. Worryingly, this has increased by five percentage points compared with 2017, a year-on-year increase of around 542,000 individuals[2].
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Source data:
All figures, unless otherwise stated, are from Opinium Research. The survey was conducted online between 5 and 12
April 2018, with a sample of 5,022 nationally representative UK adults.
[1] Percentage of adult population that are fathers with dependents = 762/5022 = 15.17%; 15.17% of adult population of
51,767,000 = 7,854,730 million; 58% of these don’t have cover so 4,545,848 million
[2] Percentage of adult population that are fathers with dependents = 735/5077 = 14.48%; 14.48% of adult population of
51,767,000 = 7,495,861 million; 53% of these don’t have cover so 4,003,721. Difference of 542,127 compared with 2017
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