Over two thirds of the UK adult population either hasn't purchased any life insurance (57%) or doesn't know whether they have or not (11%), research from LifeSearch has found.
The report found that just over a quarter (27%) of over-55s had life insurance and were the most under-insured out of all of the age groups surveyed. Some 2% of over-55s said they had cover arranged via their employer. The over-55s were insured for the lowest amount across the three age brackets included in the research, at £72,690 on average. The findings are from LifeSearch's Health, Wealth & Happiness Report 2017. Out of an estimated 22.8 million households in England, 14.3 million - or 63% - were owner-occupiers in 2015-16, according to the latest English Housing Survey da...
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