A survey by Norwich Union has revealed that apathy is leaving 20 million UK adults at financial risk because they don't have any form of life or income-related protection.
Figures from Norwich Union Life Insurance show that of those without any life cover...
- more than 37% say this is because it's still on their 'to do' list or that they haven't thought about it
- one in seven (15%) say they have made other provisions
- one in ten (10%) haven't bothered because they have no dependents and feel no need for a life insurance policy
- 9% say they don't have it because they don't have a mortgage to insure
- 3% of people say they haven't taken out a policy because they don't understand it.
Head of protection marketing at Norwich Union, Darren Dicks commented... "These findings are cause for concern as they suggest many people are taking an 'it won't happen to me' approach to protection. Around 52% of UK adults have no life cover at all* and the remainder are either underinsured or unsure about what type of cover they hold.
"There