A recent study conducted by a top insurance provider shows that 71% of the British public have some type of life insurance policy. This still leaves around a third of Britain without any cover should the worst occur.
Amongst those who do not have any life insurance, a quarter says that policies are too expensive, 1 in 5 say that they do not need it and just 1 in 10 say that they have never even thought about it. This is alarming figures as those who do not have any insurance have not thought about the consequences should they fall ill and need extra money to help them through a difficult time.
With the financial market going through a period of uncertainty, many people are becoming reluctant to part with their hard-earned cash to pay for a policy that they may not actually need. The question is; is it really worth taking the risk? With so many providers in the market and prices (for the moment at least) remaining steady, customers’ have the opportunity to find competitive life insurance quotes.
The cost of life insurance does fluctuate but not as much as the prices for other insurances such as car insurance. People are advised to think seriously about life insurance and shop around for the best deal. Whether it is whole-of-life insurance, decreasing life assurance or long-term insurance, the British public should ensure that they have cover should the unexpected happen.
Many experts have advised that, if customers think life insurance is expensive then they should cut down on some luxuries in order to budget for their policies. In reality, however, in a world where mobile phones and televisions are a must have, how many people would give them up to buy a comprehensive policy?
Customers may feel that life insurance is too expensive but with various polices such as, whole-of-life insurance and level term life assurance available, finding the best life insurance quotes for you are readily available by looking around. S`hop online to find the best options and advice.