Life Snapshot - Life Insurance Statistics

Our quarterly Life Snapshot is designed to show you who’s taking out life insurance, what life stage they’re at and what level of cover they’re choosing. We want to help you to have a better understanding of the policy you may need for you and your family.

September 2018 Life Snapshot

Life insurance is about making sure the people you love most are well looked after should the worst happen. It could ensure your family keep the home they’ve grown up in or that your children go to university, even if you’re not around to help with the expense.

Our Life Snapshot for September 2018 helps you navigate the world of life insurance. We hope that, by seeing what people like you have already chosen through Compare the Market from May to September 2018, this could help you understand the cover you need, in terms of policy type, cover amount and length of policy.

Download our life snapshot

Life insurance statistics

Peak age

Our data has shown that people aged 25-34 are most likely to take out life insurance, with more than 45% of our customers over the quarter forming part of this age group. This may be surprising but actually this corresponds to the fact that many people tend to make major life decisions around this time, such as buying a house, getting married or starting a family, and understandably you want to protect these important areas of your life.

The UK’s life insurance hotspot…

Daniel Hutson, our Head of Life Insurance, commented:

We know that buying a house or starting a family are key triggers to buying life insurance, and so it’s unsurprising to see that those aged 25 – 34 account for almost half of life insurance policies. It’s interesting to see that the largest proportion of purchases was for cover over £250,000 – which could reflect the increasing house prices. "
“The South East remains the life insurance hotspot for the UK – the region’s relative affluence and high proportion of home owners make it a lucrative market for life insurance providers. As with all products, it is important that you regularly review your policy to ensure that you are not paying over the odds, and that your current policy is still suitable for your requirements."

Take the step

So you’ve seen what kind of life insurance other people are taking out, but you’re still not sure what you need. That’s where we come in. Why not enter a few details and get a quote through Compare the Market?

Or if you still want to find out a bit more, why not contact the expert advisers at LifeSearch? They could help you figure out just what you need. You can talk to them on 0800 072 1146, Mon-Fri: 8am-8pm and Sat: 9am-2.30pm. 

Compare life insurance

Get a life insurance quote and start saving now

Get a quote