Mothers not availing of life insurance: Report

Bank of Ireland Life today reported that almost two-thirds of women with children of school-going age have no financial protection against unexpected death.

Recent research by the company claims that mother's with children in full-time education are under-insured.

Commenting on the findings, Brian Grimes, head of protection business, Bank of Ireland Life said: "It is our experience that a larger proportion of men than women take out life assurance and critical illness cover.

"We believe that this is caused by the combination of the fact that the vast majority of stay-at-home parents are women, and the fallacy that protection is only necessary for those who are bringing an income into the household."