QuoteBoffin comments, “The importance of life cover can be difficult for consumers to appreciate until the unforeseen actually happens. Given their age, young people might not think life insurance is relevant to them or view it as a sensitive topic that is difficult to discuss with family or friends. For consumers – in particular home and business owners – to think that life insurance is not necessary is a very worrying prospect indeed. This highlights the need to educate consumers about the purpose of insurance and how products specifically relate to individual circumstances. Giving consumers the advice and tools necessary to make their own informed financial decisions will not only see an uptake in the number of people seeking life cover but will also ensure providers are offering competitive and quality insurance packages as standard.”
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