Around 27.2 million individuals in the UK have some form of life insurance cover. According to the Association of British Insurers, £7.9b was paid out in life insurance claims in 2020 with the average claim pay out at £85,000. The most common reasons for claims are cancer, heart-related conditions, and other critical illnesses. While life insurance is not mandatory, it can provide financial protection to your loved ones if you were to pass away.
With the current cost of living crisis, we understand how important it is to find cover that meets your circumstances at an affordable price.
Life insurance is recommended for individuals with financial dependents, joint financial obligations, or established financial plans for others. It's also crucial for those with a predisposition to health issues and individuals in hazardous occupations. In summary, life insurance provides essential financial protection for various life situations.
