Just under six in ten homeowners (58%) have life insurance, a recent study has discovered, leaving a substantial number without vital financial security and wellbeing.1
Over the years analysis shows that some people shun life insurance because they think it‘s costly and that policies don’t pay out. However, the most recent data shows that 98% of all claims were paid in 2020 and a variety of low-cost options exist for people with a smaller budget.
The sooner the better
In addition to enjoying more years with crucial peace of mind, taking out a policy earlier can result in a long-term saving. It is generally cheaper to get insured when you are younger because premiums will be affected by factors such as age and pre-existing health conditions.
More protection perks
Life insurance provides numerous benefits, but lots of consumers always want a little bit more. Added incentives increase take-up of life insurance policies with activity trackers (15%) the biggest enticement, followed by discounted gym memberships (10%) and fresh food subscriptions (10%), highlighting the link between a healthy, happy life and financial security.
What’s right for you?
If you feel ready to protect your life and wellbeing, we can help you find the most suitable cover for your unique needs.
🚨 Data accurate as of the date of publication – 08.06.2022.
🚨 The above material is for informational purposes only and does not constitute a sales offer or financial advice. Before taking out any insurance, credit agreement or other financial product, you should obtain individual advice on your requirements and the general terms of the contract.
1MoneySupermarket, 2022
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