A total of 60 per cent of adults in the UK do
not have life insurance, according to research by Barclays.

Barclays said the main reasons for consumers
in the UK not taking out life insurance were the increasing
pressures on household expenditure and needing to cut back on
costs.

Meanwhile, 25% of respondents believe life
insurance is a waste of money.

As part of its drive to encourage customers to
review their protection needs, Barclays Life Insurance provided by
Aviva is offering three months cashback to customers who purchase a
life insurance policy between 21 April and 1 June 2012.