Women Workers Foregoing Insurance Protection

Posted by siteadmin on Monday 1st of May 2017.

According to recent research (1), it’s not just the gender pay gap that women workers have to contend with. Many are also likely to be putting themselves at risk when it comes to having adequate insurance cover in place. New findings from a major insurer show that more than half of women in the UK have no life insurance or critical illness cover. The survey also found that 28% of respondents were worried about what would happen to their family if they were too ill to work or worse, if they died.

When asked why, women responded that cost was a barrier to them taking out insurance. This is particularly sad, as premiums are often a lot less than people imagine. The monthly cost of putting a policy in place can often equate to as little as the price of, say, a trip to the cinema for two with snacks!

(1)     Aegon, More than 13 million women in the UK lack a financial safety net, 2016