75 per cent of Brits ignoring life insurance

Thu, 14 Aug 2008

According to research by the Post Office, millions of people in the UK are not taking out life insurance policies, despite the lower cost of the cover .

The Post Office found that approximately 75 per cent of adults throughout the UK do not have a life insurance policy . The perceived cost of the insurance policy dissuades many people from buying the cover .

The cost of having life insurance has fallen by 70 per cent over the last 30 years. Duncan Caesar-Gordon, the head of protection at the PO, reportedly commented: "Thinking about the future and how the family will cope should the unexpected happen is a worry that can be easily avoided by taking out life insurance . With a typical cost of £10 per month people would have peace of mind knowing that their loved ones are protected."
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