AXA Life: More women need financial protection

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AXA Life: More women need financial protection

AXA Life has warned women that they need to get financial protection.

Spokesperson Iain Mallon said that people are not taking "time out" to consider possibilities such as death or loss of income through illness.

Women also have to look at the risks associated with death or unemployment, as well as younger people.

Mr Mallon explained that as people grow older, they develop more life experience and become more "comfortable " thinking about such possibilities.

Recent research by AXA found that half of British women have no life insurance, life assurance, income or critical illness protection.

Nearly half (46 per cent) of women in employment have no form of cover and 40 per cent of women with dependents have no life insurance.

Just 19 per cent of insured single women think they will be adequately covered if they lose their jobs.

If current trends continue, one quarter of women will be the main breadwinner in their homes by 2030.

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