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April 27, 2012updated 13 Apr 2017 8:44am

Life protection gap facing UK consumers

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

By Ronan Mccaughey

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.

 

 

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