Mobiles mean more than life

People in Scotland are more likely to arrange cover for their mobile phone than take out a critical illness policy, a new study has claimed.

Research by Scottish Widows found that only 7% have insurance cover for longterm sickness as opposed to 11% who have a policy in place for their mobile phone.

The report also claimed almost a fifth (18%) of people say their household would not survive financially if they lost income due to long-term illness.

About one in three (34%) have a life insurance policy and just under half (44%) said they are reliant on just one income and lacked a plan B.