£230 billion of life insurance policies at risk of going unclaimed: GoCompare

Research from GoCompare found nearly one fifth (18%) of Brits had not told family members that they have a life insurance policy in place.  Furthermore, just under 15% of policyholders have not provided family members or beneficiaries with the necessary information required to make a claim on the policy, equating to 2.9 million life insurance policies at risk, GoCompare states, valued at a total of £230 billion. While around two thirds (64%) currently have a last will and testament in place, only 29% said they have detailed their policy in their will and as more than a third (35%) of ...