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Digital Subscriptions > The Oban Times & Lochaber Times > 15th June 2017 > People admit lack of insurance

People admit lack of insurance

A RECENT survey, according to Argyll Financial Services, has revealed that up to 60 per cent of adults don’t have any life insurance. When asked why, the answers vary. Some people simply don’t want to think about life’s unexpected events and don’t believe it could happen to them.

Here are a few stark statistics. It is estimated that every day in the UK, around 500 women become widows, more than 100 children lose a parent, and approximately 75 men aged under 50 become widowers. When asked why they don’t have life insurance, people often say that policies don’t pay out in the event of a claim, but in fact 97.2 per cent of protection claims are paid.

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