{"id":30437,"date":"2025-06-17T12:03:26","date_gmt":"2025-06-17T11:03:26","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/tomd\/2025\/06\/17\/why-life-insurance-matters\/"},"modified":"2025-06-17T15:09:47","modified_gmt":"2025-06-17T14:09:47","slug":"why-life-insurance-matters","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/tomd\/2025\/06\/17\/why-life-insurance-matters\/","title":{"rendered":"Why life insurance matters\u00a0"},"content":{"rendered":"<div class=\"hd-block hd-block-table\">\n<figure class=\"wp-block-table\"><table><tbody><tr><td>50% of salaried employees and 33% of non-salaried workers lack life insurance&nbsp;<\/td><td>Life insurance covers expenses like mortgages, bills and education costs should the worse happen&nbsp;<\/td><td>Policies can start as low as a few pounds a month, offering affordable protection and peace of mind&nbsp;<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Taking out life insurance is a crucial step in protecting what matters most \u2014 your loved ones and their financial security.<\/strong>&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-heading\">\n<h2><strong>The life insurance gap<\/strong>&nbsp;<\/h2>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Recent research<sup>1<\/sup> highlights a concerning <em>\u2018life insurance equality gap\u2019<\/em> among UK workers. The survey found that only 50% of salaried employees have life insurance, while an even lower percentage \u2014 just 33% \u2014 of non-salaried workers, including freelancers, self-employed and those on zero-hour contracts, have cover in place.&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-heading\">\n<h2><strong>The importance of life insurance<\/strong>&nbsp;<\/h2>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>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.&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-heading\">\n<h2><strong>Isn\u2019t life insurance expensive?<\/strong>&nbsp;<\/h2>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Despite its benefits, many people hesitate to get life insurance, believing it\u2019s 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.&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-heading\">\n<h2><strong>Peace of mind for you and your family&nbsp;<\/strong>&nbsp;<\/h2>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>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.&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><sup>1<\/sup>Beagle Street, 2024&nbsp;<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>50% of salaried employees and 33% of non-salaried workers lack life insurance&nbsp; Life insurance covers expenses like mortgages, bills and education costs should the worse happen&nbsp; Policies can start as low as a few pounds a month, offering affordable protection and peace of mind&nbsp; Taking out life insurance is a crucial step in protecting what [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":30443,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,89,91],"tags":[],"hd_content_source":[116],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/30437"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/comments?post=30437"}],"version-history":[{"count":6,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/30437\/revisions"}],"predecessor-version":[{"id":30450,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/30437\/revisions\/30450"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media\/30443"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media?parent=30437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/categories?post=30437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/tags?post=30437"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/hd_content_source?post=30437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}