Despite a better understanding of the limitations of state health and welfare support than men, women are less likely to engage with group protection benefits.
Its a phenomenon that Legal & General1 have termed the ‘gender paradox’. Despite knowing that state benefits are unlikely to meet their financial needs if they lose their income, women are less likely to adjust their workplace protection cover or to make a claim.
Across group income protection, critical illness cover and employee assistance policies, just 56% of women have engaged with these workplace benefits compared with 68% of men.
Whether you have group protection or would like to take out an individual policy, we can help ensure you have the cover you need.
As with all insurance policies, conditions and exclusions will apply.
Source:1legalandgeneralgroup.com
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