The Insurance Helpline
Totally Insured Group // 0800 377 7763

Many young people in the UK fail to take out suitable life insurance, recent research has shown.

Data from LifeSearch found that only three per cent of new customers in 2008 were under the age of 25, which is in contrast to an overall increase in life insurance sales of 13 per cent over the last year.

Matt Morris, policy advisor at LifeSearch, commented: "Many younger people have debts, mortgages and families that need financial protection in the event of the main income provider being unable to work."

He noted that more effort needs to be made to encourage Britain’s youth to take out life insurance policies and other cover to ensure they get the support they need if they become ill.

Recent research published by the Journal of Epidemiology and Community Health suggested that cases of diabetes in the UK have increased by 74 per cent between 1997 and 2003.

The Insurance Helpline specialises in obtaining cover for people living with medical conditions

This entry was posted on Wednesday, February 25th, 2009 at 6:00 pm and is filed under Life Insurance.