Money News
13th August 2008
75% of Brits have no life insurance, survey shows
Life insurance cover is being shunned by millions of Britons despite the falling cost of policies, it has been revealed.
Over the last 30 years premiums for life insurance policies have fallen by as much as 70 per cent, according to the Post Office.
However, a poll conducted by the company found that this is not proving sufficient incentive to sign up for a policy, with 75 per cent of respondents found to have no life insurance.
A quarter of adults (28 per cent) without policies claimed they cannot afford one, while 18 per cent said they did not feel it was worth taking out cover.
Post Office head of protection Duncan Caesar-Gordon said: "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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