Latest survey to reveal nation's animal lovers fail to protect their own family's lifestyle
More proof that individuals continue to choose to purchase pet insurance than protection products is revealed in research published this week.
A survey carried out for Ageas Protect shows that less than one in ten (9%) people have a critical illness (CI) policy in place – equivalent to 4.5 million adults – while 12% have taken out a pet insurance policy, equating to 5.9 million adults. The Opinium survey of over 2,000 adults suggests that one fifth of parents stated they would have to rely on savings if they were to fall seriously ill.
Earlier this month Friends Life published research which suggests that while 14% of people would automatically take out pet insurance, just 10% would take out CI cover. Research carried out for Scottish Widows last year, meanwhile, showed that across the UK just 7% of people have income protection insurance, compared to 15% who have taken out pet insurance.
A study carried out last year by unbiased.co.uk, the professional advice website, suggests that more than one in four (27%) UK adults hope to leave enough money for their family or pets to live comfortably after they are gone. However, an estimated 29.5 million UK adults do not have a will in place.