Recent research has found that 52% of UK working parents do not have a financial protection policy in place which would cover them if they had to take time off work to care for an unwell child1.
Who is not insured?
Interestingly, nearly two thirds (65%) of those without protection are in part-time work, while over half (56%) are self-employed and 39% are on zero-hours employment contracts. However, these groups would potentially be in the most precarious financial position if they did have to miss work, as freelancers and zero-hours workers would not be contractually obliged to be paid during that time off.
Why aren’t they protected?
When asked why they did not have cover, most people (44%) were concerned that they could not afford it, a fifth (20%) were not aware of this kind of protection, while 9% were generally not interested in insurance policies.
It’s important to note that, nearly half (48%) of working parents do have other forms of protection, including life insurance (51%), health insurance (36%) and critical illness cover (20%).
Are you covered?
Don’t leave yourself and your family vulnerable at an already difficult time. We can help you source the appropriate cover at the right price.
As with all insurance policies, conditions and exclusions will apply.
1MetLife UK
