Squeezed middle fall into the protection gap

Squeezed middle fall into the protection gap

Squeezed middle faces major life insurance shortfall, says Hargreaves Lansdown

Families in the UK are facing major life insurance shortfalls, with only 43% of people having enough cover in place to protect their dependents, according to the latest HL Savings & Resilience Barometer. The report highlights that those in the ‘squeezed middle’ – typically in their 30s and 40s, with mortgages and young children – are the most likely to fall into the protection gap. Among homeowners with mortgages, just 36% have sufficient life c…

Life Covers Up, Claims Lower

The FSC’s latest quarterly Life Insurance Industry Spotlight shows that while the industry had the highest number of covers in more than five years, claims for the period are the lowest in two years. The council’s snapshot for the quarter to March 31, 2025, points to the highest number of covers in more than five years at 4.26 million with 1.8% growth year-on-year. However the FSC also notes in its spotlight that claims are the lowest since Marc…