Carers - non-professional people looking after family or others who are sick, elderly or disabled - are not prepared financially for issues that could arise if they fell ill or passed away, research from Scottish Widows has revealed.
The survey of 5,022 UK adults found that fewer than three in 10 of those who look after family or community members have life insurance (28%), which equates to an estimatation of seven million people, while just 12% - approximately 1.2 million - have critical illness cover. While one in five people (19%) in the UK act as a carer, a fifth (21%) of them do not know who would take over their caring duties if they fell ill themselves and 20% do not know who would give them the care they might need. Meanwhile, 18% of those without life insurance said they can't afford a life insurance poli...
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