INSURANCE MGA / TPA
Life insurance . It ’ s a phrase that used to mean very little to the young , footloose and fancy-free . After all , if you were healthy , enjoying life and earning well , why would you even bother to think about something as boring as your own demise ? Such policies were usually only on the radar of those with responsibilities . And even then , only the responsible with enough ready income to lay out on a decent insurance policy , bothered to get it .
However , times are changing - and recent data collected by comparethemarket . com reveals sales of life insurance went up in the second quarter of 2020 , with young people propelling this trend . Indeed , 40 % of 18-34 year olds who have life insurance , the report showed , took out their policy after the first lockdown .
Nevertheless , despite the recent upsurge , statistics show that even today , when insurtechs are recognising the need to sell this vital cover to those that really need it ( i . e . anyone with dependents ), adoption is slower than in other insurance markets .
The uninsured The data , sadly , doesn ’ t lie . In the UK alone , 1,700 people die every day , and out of that
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