| 50% of salaried employees and 33% of non-salaried workers lack life insurance | Life insurance covers expenses like mortgages, bills and education costs should the worse happen | Policies can start as low as a few pounds a month, offering affordable protection and peace of mind |
Taking out life insurance is a crucial step in protecting what matters most — your loved ones and their financial security.
The life insurance gap
Recent research1 highlights a concerning ‘life insurance equality gap’ among UK workers. The survey found that only 50% of salaried employees have life insurance, while an even lower percentage — just 33% — of non-salaried workers, including freelancers, self-employed and those on zero-hour contracts, have cover in place.
The importance of life insurance
Life insurance provides essential financial support for your family in the event of your passing. The payout can help cover major expenses, such as your mortgage, rent, household bills and education costs. Suitable life insurance written in trust can also serve as an effective estate planning tool, as payouts are typically free from Inheritance Tax, allowing beneficiaries to receive the full amount.
Isn’t life insurance expensive?
Despite its benefits, many people hesitate to get life insurance, believing it’s too costly. The survey found that 25% of non-salaried workers and 19% of salaried workers cited high costs as a barrier to obtaining cover. However, this is often a misconception as life insurance policies can start at just a few pounds a month.
Peace of mind for you and your family
Beyond financial security, life insurance is a simple yet effective way to provide lasting protection and peace of mind, helping your loved ones receive the support they deserve. We are here to help you find the right cover for you and your family.
1Beagle Street, 2024