Boost your financial confidence

New research shows that a quarter of consumers are not confident in their family’s financial resilience.

A survey by The Exeter has found that nearly a quarter (23%) of UK adults are unsure if their family would manage financially if they unexpectedly died. Just over a third (35%) think that their family could cope temporarily, while only 22% are certain that their loved ones would be fully protected if the worst happened.

Age and gender differences

The research highlighted a gap in confidence between the genders, with men significantly more confident (67%) about their family’s financial resilience than women (49%). There is a clear generational difference too - those aged 45-54 are the least assured, with a third of this age group unsure about their family’s financial security. This could reflect the increasing pressure felt by the ‘sandwich generation’ – middle-aged adults caring for both their children and their ageing parents.

Boost your confidence

How confident do you feel about your family’s financial resilience? With the right cover in place, you can feel certain that your loved ones would have the support they need if you were no longer there to support them.

As with all insurance policies, conditions and exclusions will apply

Sources:

https://www.the-exeter.com/news/just-one-in-five-uk-adults-very-confident-their-family-would-be-financially-secure-if-the-unexpected-happened/