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Life insurance: the facts and figures

Posted in: Finance Last updated: 20 Aug 2014

Life is expensive, but unexpected death can be just as costly for the people close to you. That’s why life insurance exists – to provide a safety net to help protect your family’s financial future. We’ve put together some key facts and figures around life insurance to help you understand what it is and why you might need it.

Life insurance - the facts and figures

Sources
1 Mintel (May, 2012) "Whole of Life Insurance" [online]. Available from www.mintel.com
2 The Debt Charity (January, 2014), "Debt Statistics" [online]. Available from www.themoneycharity.org
3 Engage Mutual (June,2014), "The Engage Mutual 2014 Funeral Costs Tracker" [online]. Available from www.engageadviser.com

Note: Whilst we take care to ensure Hub content is accurate at the time of publication, individual circumstances can differ so please don’t rely on it when making financial decisions. OneFamily do not provide advice so it may be worth speaking to an independent financial advisor about your own circumstances.