The public is failing to upgrade life cover - Sainbury's

Research has revealed over 5 million could be leaving their dependants in serious financial difficulty because 60% with life insurance admit failing to update their level of cover following a change in circumstances. The findings also revealed nearly one in two mortgage holders in Britain (43%) do not have their mortgage contributions covered by life insurance. Of those who pay a mortgage that isn't covered by life protection, the research indicates that, on average they are personally responsible for an outstanding balance of over £44,000(3). The most common change in personal cir...