Families chop income safety

Tim Wallace
Follow Tim
FALLING numbers of families are protecting their financial security with life insurance, critical illness or income protection, Scottish Widows warned today.

Only 38 per cent of people have life insurance, down six percentage points on the year, while only five per cent have income protection cover, down from seven per cent a year ago, and 11 per cent have critical illness cover, down from 12 per cent last year.