Why life insurance matters 

Taking out life insurance is a crucial step in protecting what matters most — your loved ones and their financial security. 

Recent research¹ highlights a concerning ‘life insurance equality gap’ among UK workers. The survey found that only 50% of salaried employees have life insurance, while an even lower percentage — just 33% — of non-salaried workers, including freelancers, self-employed and those on zero-hour contracts, have cover in place. 

Life insurance provides essential financial support for your family in the event of your passing. The payout can help cover major expenses, such as your mortgage, rent, household bills and education costs. Suitable life insurance written in trust can also serve as an effective estate planning tool, as payouts are typically free from Inheritance Tax, allowing beneficiaries to receive the full amount. 

Despite its benefits, many people hesitate to get life insurance, believing it’s too costly. The survey found that 25% of non-salaried workers and 19% of salaried workers cited high costs as a barrier to obtaining cover. However, this is often a misconception as life insurance policies can start at just a few pounds a month. 

Beyond financial security, life insurance is a simple yet effective way to provide lasting protection and peace of mind, helping your loved ones receive the support they deserve. We are here to help you find the right cover for you and your family. 

¹Beagle Street, 2024