More women are buying life insurance, critical illness and income protection than ever before, according to Lifesearch. Figures for 2004-5, so far show the number has increased by 19% to 39%. The company have attributed the increase to more women being either the main or only breadwinner in the family, and were realising the importance of protecting their incomes.
Our view
Women, we believe, are now the driving force behind most financial decisions.