The aim of this research project is to produce a careful description of the loss of income caused by the death of a family parent, the protection provided by social security against loss of income and the need for life insurance as a difference between these. The measurement of need also takes into account the family’s net assets and the estimated reduction in expenditure due to the death of the spouse. The results can be used to illustrate which population groups have the greatest need for private life insurance.
The research project also examines how well the insurance taken out covers the need for insurance for those who already have insurance. In addition, a statistical study will be produced on the growth in demand for life insurance related to the COVID-19 pandemic and the factors influencing it. The information can be used to assess how coronavirus has contributed to the insurance deficit.