Getting life insurance is a way to prepare for the worst and to protect what matters most to you.
Getting life insurance is a way to prepare for the worst and to protect what matters most to you.
Workers in the UK are facing a ‘life insurance equality gap’, according to research1. The life insurer’s survey reveals just 50% of salaried workers have taken out life insurance, while just 33% of non-salaried workers, including self-employed, freelancers and workers on zero-hour contracts, have life cover in place.
Why is life insurance important?
Is life insurance too expensive?
Despite its importance, many people delay purchasing life insurance, often assuming it’s too expensive. The survey found 25% of non-salaried workers and 19% of salaried workers cited high costs for not having life cover. However, this misconception needs to be challenged, as in most cases, policies start from just a few pounds a month, offering substantial protection at a relatively low cost.
Peace of mind included
Beyond its practical benefits, life insurance provides peace of mind, ensuring families will be supported through difficult times. According to the survey, nearly two-thirds (64%) of self-employed workers without life insurance were worried about lacking life insurance. Among these, 16% are worried their loved ones might struggle to cover funeral expenses. Additionally, 14% fear their family could be burdened with debts like loans or mortgages, while another 14% are concerned that their family’s quality of life would decline if they were to pass away.
Ryan Griffin, Beagle Street’s Director of Protection, said, “It’s vital that everyone who could benefit from having life insurance, can access it. Not only this, but there must be affordable and accessible options that work for people and their families. Advisers play a key role in helping people find the protection that suits their needs and we value the support they give to those looking for cover that is right for them.”
Life Insurance Myths Debunked
Life insurance is one of the most important ways to protect your loved ones financially — yet countless people put off getting it due to persistent myths and misconceptions. If you think life insurance is too expensive, too complicated, or not something you need just yet, this post is for you. Let’s set the record straight.
Myth 1: “Life Insurance Is Too Expensive”
One of the most common misconceptions is that life insurance is unaffordable. But the truth is, policies can cost as little as a few pounds a month — especially if you’re young, healthy, and take out cover early.
Myth 2: “I Don’t Need It Yet”
Life is unpredictable — and waiting too long to get life insurance could leave your family unprotected. Plus, the older you get, the more expensive policies become, and certain health conditions may make it harder to get cover at all.
Myth 3: “It’s Too Complicated”
The world of life insurance may seem full of jargon — but it doesn't have to be confusing. With the right guidance, finding a policy that suits your needs is simple.
Myth 4: “My Workplace Cover Is Enough”
Many employees assume their employer’s life insurance policy is all they need. While it's a great benefit, it often won’t be enough — and it typically ends when you leave your job.
Ready to Talk About Life Insurance?
Planning for the unexpected isn't easy, but it’s necessary to secure your family’s financial future. If you're unsure where to start, we're here to help you; Understand your options clearly, find affordable cover that fits your needs and make sure your family is fully protected!
As with all insurance policies, conditions and exclusions will apply .
1Beagle Street
