Younger people neglecting Life Cover
Wed, 25 Feb 2009
The number of younger people buying life cover and other forms of financial protection is at an all-time low.

According to research from Protection specialists LifeSearch, only 3 per cent of all protection policies written by the company during this period were bought by younger people.

Life insurance, critical illness and income protection are three protection policies that are cheaper for younger people (age 25 and under) and not only because of age, but also because younger people are likely to be healthier which keeps premiums low. However, despite this price advantage, younger people are not taking out protection policies in significant numbers.

LifeSearch Policy Adviser, Matt Morris, said: "Many younger people have debts, mortgages and families that need financial protection in the event of the main income provider being unable to work. Often they either buy no financial protection at all or rely on the internet to get the best deal. That might work with car insurance, but not with financial protection."
add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.
Critical Illness Cover

Critical Illness Cover

Protect your family should you become seriously ill or disabled.

Critical Illness Cover
Family Income Benefit

Family Income Benefit

Protect the family income with a family income benefit quote.

Family Income Benefit