£230 billion of life insurance policies at risk of going unclaimed: GoCompare

Approximately 2.9 million UK policies at risk

John Brazier
clock • 1 min read
£230 billion of life insurance policies at risk of going unclaimed: GoCompare

UK life insurance policies worth an estimated £230 billion are at risk of going unclaimed according to price comparison website, GoCompare.

Research from GoCompare found nearly one fifth (18%) of Brits had not told family members that they have a life insurance policy in place. Furthermore, just under 15% of policyholders have not provided family members or beneficiaries with the necessary information required to make a claim on the policy, equating to 2.9 million life insurance policies at risk, GoCompare states, valued at a total of £230 billion. While around two thirds (64%) currently have a last will and testament in place,...

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