What do the published statistics tell us?
There are many misconceptions surrounding life insurance, like whether insurers pay out or how long they take to issue payment.
So, we thought we would dive head-first into some of the published numbers and provide some interesting facts from 8 major providers:
Some of the data may surprise you?
- AIG’s largest single pay out was an astonishing £5,000,000
- Zurich paid out on a life claim within 1-day
- Aviva paid out an enormous £522,000,000 in claims
- While Scottish Widows achieved an impressive pay out rate of 99.38%!
In summary, there have been some strong statistics from insurers in 2017, showing that the vast majority of claims are successful and there’s not a reluctance to pay out.
Do you have adequate life insurance in place?
We believe taking out life insurance to protect the financial future of your loved ones is a truly heroic act.
Whether you need to protect your family home, provision for future living expenses or provide an inheritance if you don’t have cover why not seize the day?
Life insurance cover maybe cheaper than you expect. Depending on your circumstances, you could even secure cover for less than 20p-a-day.
Then get on with living your life in full, safe in the knowledge your loved one’s financial future is secure.