Uninsured over-estimate cost of cover
Thursday, February 19th, 2009Legal & General has urged people not to avoid taking out protection simply because they think it is too expensive.
According to the insurer, 65% of people over-estimate the cost of £150,000 of life cover and 35% over-estimated the cost of adding a critical illness option.
Although 24% of people surveyed said £150,000 level term assurance over 25 years for a healthy, non-smoking, 25 year-old male would cost between £11 and £20, while 18% guessed between £21 and £30 and 22% thought it would be more than £30. However, L&G put the cost at £8 per month. (more…)













