'Squeezed middle' suffer life insurance gap

New research has revealed that just 43% of people have enough life insurance, with the so-called ‘squeezed middle’, typically in their 30s and 40s, most at risk of having a lack of protection in place.

The shortfall is especially stark among mortgage holders, where only 36% have sufficient cover. Families fare even worse - just 30% of couples with children and only 10% of single parents have adequate protection arranged.

This age group often faces the greatest financial pressure, juggling childcare costs, large mortgages and household bills, yet many lack the robust safety nets they need. While most people understand the need to cover their mortgage, fewer consider the cost of raising children if the worst happens. Not all the findings were negative. The study also showed that emergency savings improve with age. By their mid-30s, two-thirds have a financial buffer in place, rising to 70% by their late 40s.

Overlooking life insurance altogether could leave you and your family in serious financial trouble. If the worst happens, families suffer not just emotional loss, but also face potential financial hardship too. Having the right protection, to suit your budget, can make all the difference.

As with all insurance policies, conditions and exclusions will apply

Source: https://www.ftadviser.com/protection-gap/2025/5/7/squeezed-middle-falling-into-protection-gap/