Only 35% of UK families have a life insurance policy in place, according to research from Direct Line Life Insurance, with many perceiving it to be too expensive.
Despite accepting the benefits of having cover in place should the worst happen, over one third (35%) of respondents said it's "too expensive" to take out cover. More than two-fifths (42%) of surveyed individuals said they weren't sure how much life insurance costs but would happily spend money on entertainment services, with 71% of surveyed households paying for at least one monthly subscription service. For the individuals who have taken out cover, the report showed that some of main reasons included wanting to provide cover for funerals and other costs (33%), making sure loved on...
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