How many people in the UK have life insurance?

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How many people in the UK have life insurance?

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There’s no exact number to determine how many residents in the UK have live cover but current research has data that will help you get an idea of the life insurance scenario in the country. Based on studies conducted by Scottish Widow, more than half of fathers with dependent children do not have life insurance, with about 58 percent of breadwinners in the UK admit to having no life cover at all.  
 
Based on the given percentage, you can somehow picture the way most residents view life insurance. There are many people who regard life insurance as an option rather than a necessity and this perspective is likely because many families in the UK remain financially stable even when the father passes away all of a sudden.  Yet interestingly, approximately 20 percent of fathers raised concerns and worries of the family suffering from financial problems that could arise because of a change in income brought about by death or long-term disease.  
 
Given these numbers, UK citizens should be more concerned about the future of their families, especially if they don’t have critical illness insurance coverage or life insurance to safeguard the financial security of family members.  

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