More people in the UK should have life insurance according to Libra Financial Planning and eliminate the chance of their family become embroiled in debt problems if the worst should happen.
Only 40% of UK households currently have life insurance cover, meaning that some families could end up struggling badly with their finances should something happen to main breadwinner.
Stuart Bugden from LFP commented, "In the current uncertain financial climate people need to be more aware of the need for life insurance."
He added that people should also consider income protection just in case someone in the household loses their job and are unable to pay bills and other outgoings.