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.
Go deeper with GlobalData
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.
GlobalData Strategic Intelligence
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
