Funeral costs biggest trigger for life insurance purchases in over 50's

Research conduct in August this year among 2,000 UK adults aged 50 or older found that 40% said that they didn't want family members to have to pay funeral expenses, while 30% said they have bought life insurance as they are approaching later life.  Meanwhile, the need to protect their family (28%) was also identified as a main trigger for seeking out life insurance. The mutual found that around two in five (22%) over 50's currently have a life insurance policy, while the same percentage are considering taking out cover. Other drivers identified by the research included financial l...