Number of women taking out life insurance doubles

24 May 2005
The number of women buying life insurance, critical illness and income protection has doubled since 1999 to reach the highest level ever seen.

This is the impression given by statistics from the protection specialist LifeSearch, which show that 39 per cent of the company's customers are female so far in 2005 - compared to just one in five in 1999.

"We attribute this increase to the growing awareness of the importance of protecting the financial stability of the family," said Linda Tyson, policy adviser for LifeSearch.

"More and more women are either the main or the only breadwinner and are realising the importance of protecting their incomes."

Life insurance is usually lower in price for females as they are expected to live longer.

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