Female Protection Levels
Money Marketing reports “The divide in average protection sales between men and women reveals a significant gender gap in cover, according to data collected by Iress. The average sum assured over a three-year period for critical illness cover for men was £10,985.88, while for women it was £5,790.17.
Looking at life and critical illness cover, men were assured on average, £104,709.99, while for women this figure was £69,916.08. Life cover saw a similar story, men were assured £130,979.86, and women, £85,521.66.” If making sure you have a suitable level of cover is something you’d like to discuss, please get in touch. Read more