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  • Answer Upon - Life Insurance - Why Does Less Than Half The UK Population Have Cover?

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    ap of ?2.3 trillion.

    But in all probability, the gap is not that large.

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    Less than 50% of the UK population has any form of life insurance cover, says Swiss Re, one of the largest insurance companies in the world. In their latest annual report they estimate that ?4.2 trillion worth of insurance cover is needed whereas only ?1.8 trillion has been taken up. That leaves an insurance gap of ?2.3 trillion.

    But in all probability, the gap is not that large.

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    Swiss Re, one of the largest insurance companies in the world. In their latest annual report they estimate that ?4.2 trillion worth of insurance cover is needed whereas only ?1.8 trillion has been taken up. That leaves an insurance gap of ?2.3 trillion.

    But in all probability, the gap is not that large.

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    t annual report they estimate that ?4.2 trillion worth of insurance cover is needed whereas only ?1.8 trillion has been taken up. That leaves an insurance gap of ?2.3 trillion.

    But in all probability, the gap is not that large.

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    eeded whereas only ?1.8 trillion has been taken up. That leaves an insurance gap of ?2.3 trillion.

    But in all probability, the gap is not that large.

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    ap of ?2.3 trillion.

    But in all probability, the gap is not that large. Firstly, there's the people who are ruled out from having life insurance due to their age - just over 1 in 5 are under 18 years of age, the minimum for life insurance cover, and 1 in 6 are over 65 and they're effectively uninsurable. Then there's a raft of single folks aged between 18 and 65 without dependents

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