Take out adequate Life Insurance cover - Winston Churchill 1874-1965

November 11th, 2008

Millions of Britons are without life Insurance cover. Research has revealed that in excess of 30% of the UK adult population do not have any life insurance cover. The alarming statistics were blamed on the current economic climate, and the 37% of individuals considered essential bills and mortgage payments a priority over life insurance cover. Many people consider life insurance to be a personal choice issue and fail to realise the effect on families and loved ones, in the unfortunate event of a bereavement. The people who are affected the most by death are the ones who are left behind and adequate life insurance cover can ensure that they have an opportunity to rebuild their lives in financial security.

Experts believe that more should be done to highlight the issues and new marketing methods should be created too ensure that people realise the considerable risk of not having any or sufficient life insurance cover.

“If I had my way I would write the word ‘Insure‘ upon the door of every cottage and upon the blotting book of every public man, because I am convinced for sacrifices which are inconceivably small, families and estates can be protected against catastrophes which would otherwise smash them up forever. It is our duty to arrest the ghastly waste, not merely of human happiness, but of national health and strength, which follows when, through the death of a breadwinner, the frail boat in which the family are embarked, founders, and women and children of estates are left to struggle in the dark waters of a friendless world”

Winston Churchill 1909

1 Comment »

1. [...] Finally, remember the reason for taking out Life Insurance. It isn’t for you, it’s for your dependants, your family and loved ones so whatever you do, make sure they are adequately protected. [...]

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