Would you buy life insurance from a bank?
13th November, 2018
A survey of people’s attitudes towards life insurance has found that a third would consider purchasing their life insurance through their bank. The survey of over 2,000 UK consumers by Pacific Red also asked questions around what type of insurance they would most like to buy, and how they would like to pay for it.
The most common type of cover wanted by 44% of people was death by accident. 36% also said they wanted cover against cancer, which indicates that offering cancer as an add-on could be a popular move. Surprisingly, only 29% of younger workers wanted cover against unemployment, which shows the assumptions made about employer and state support.
Highlighting more misconceptions about the effects of smoking, just under 40% of people would expect full payment for a heart attack claim even when they had disclosed themselves as a smoker. This is despite smoking being a clear risk factor for heart disease, instead of being only linked to lung cancer.
If you would like to discuss any of the topics in this newsletter, or just want to have a look through your current protection options, then give us a call on 0800 024 8685 to arrange a meeting.