Bright Grey: Life insurance top priority

In principle life insurance is top of people’s insurance priorities but many do not put this into practise.

Recent research by Bright Grey protection specialists shows that 40 per cent of people felt that life insurance was most important, however when it comes to spending, Brits are putting there money towards home contents and holiday insurance over life insurance.

While 53 per cent insured their life, 74 per cent insured home contents and 61 per cent insured travel.

Roger Edwards, product director at Bright Grey, commented: “For most, life insurance is key when it comes to planning properly for the future. It protects your dependents if you die and they lose your income.

“And if you don’t have dependents, and really don’t need life cover, then what about critical illness cover or income protection – if you value yourself, you should be protecting yourself.”

He added that people should seek guidance on different forms of cover and how important they are, while also finding a deal that suits them.

Tags: protection, dependents, practise.Recent research, holiday, Bright Grey protection, cent