Life insurance same cost as mobile phone insurance

Wed, 14 Nov 2007

Following on from revelations that consumers prefer to insure their mobile phones rather than choosing life insurance, Legal &General have today confirmed that some segments of the population could actually get life insurance cover for the same cost as insuring a mobile phone .

The insurance company found that whilst 66 per cent of people had home insurance, just 41 per cent had life insurance . The company found that a woman aged 30 who didn’t smoke could purchase life cover for the same price as a monthly mobile phone insurance premium .

The Legal &General survey asked people about their insurance choices, as well as asking why they didn’t choose to have life insurance protection in place. For instance, 29 per cent said they didn’t have financial commitments, 20 per cent thought the cost was too high, 16 per cent were too young and 12 per cent said that they had never got round to it.
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