Approximately half of Londoners do not have life insurance and are more likely to have home, travel and motor insurance instead, according to a study.
The study by TopCashback, a UK cashback website, found that 61 per cent of those who do not have life insurance said it was because it had not crossed their mind or it was too expensive.
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Other key findings include:
- 45 per cent of parents in London do not have life insurance
- Men are more likely to have life insurance than women in London
- Half of those who took out life insurance did so between the age of 21-30
- A total of 70% of the respondents had home and travel insurance over life insurance
The results were based on a survey of 120 respondents from London.
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