UK under insured and overpaying on life cover - confused.com

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Less than half the adult population have life insurance cover, and few have ever switched their life insurance provider, meaning that as a nation we are under-insured and could well be over-paying for inadequate cover, according to new research.

A survey by Confused.com has found only 40% of the population have a life policy, with the majority of those without (69%) married or in a relationship, 35% have children. Of those with cover, only 30% have ever switched providers; men are more likely to switch provider than women - 35% of men had switched provider compared to 29% of women. Regionally, the South East is most active where 36% of people have switched. The North East is the worst region for switching where just one in four have made a change; Those in the East Midlands were best covered with 53% having policies, compa...

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