Three-quarters of consumers shun life cover

14 August 2008

Millions of Britons are doing without life insurance, despite a sustained fall in the price of the cover.

Research conducted by the Post Office found that around 75 per cent of adults in the UK do not have a life insurance policy.

Among the principal reasons given for not taking out cover was that the premiums are too expensive - a factor cited by 28 per cent of those quizzed.  The survey also revealed that 18 per cent of people had not taken out cover on the grounds that they deemed their lives not worthy of insuring.

This is in spite of the fact that the cost of life insurance has fallen by 70 per cent over the last 30 years.

"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.

At ACL we believe that life cover is an important part of your financial planning, ensuring your family are well protected and able to maintain their standard of living should teh 'bread-winner' die.

Should you want a no obligation quote please call us.