Women earners are not insuring themselves properly

Women are increasing their earning power but less likely than men to have financial protection should they suddenly be unable to work, according to new research.

The Women and Protection report released by Bright Grey found that women were taking more control of household finances but neglecting to protect themselves.

It found over half (53%) of working women admitted that they have no life insurance cover in place, while four in five do not hold income protection (84%), critical illness (78%) or private medical insurance (81%).

This exposure is further exaggerated by figures showing that over 16% (equating to more than two million women nationally) say they do not have a savings account.

And over a third of working females (35%) say they do not currently have a pension in place, compared to 30% of working men.

To read the full article please read my blog, 'Mark's Mortgage Blog' at http://merrivale47-mortgagemonkey.blogspot.com/