New research has shown that one in 12 UK residents has allowed their life insurance policy to lapse. This is particularly true of the over-65s with one in seven admitting to having lapsed their life insurance policy.
Given this finding, Post Office Life Insurance is reminding you of the benefits of life insurance cover. Life insurance can provide protection from a variety of factors including debt and mortgage repayments should the worst happen.
The Post Office also recommends that renewal time for a life insurance policy is an opportunity for you to re-evaluate life insurance cover in order to ensure that you are still adequately protected. If your life circumstances change, you may not have the right level of life insurance cover in place. You should regularly review policy details, to ensure needs are still catered for by life insurance cover.