Sainsbury’s bank is urging young people to compare life insurance premiums from different providers.
Healthy and young people should be paying less claims a spokesperson for the bank.
“Younger people tend to go with their
She explained how life insurance premiums stay the same and therefore young people may be doing themselves a disservice by not shopping around.
The Association of British Insurers (ABI) reported that the UK insurance company paid out £165 million a day in life insurance and pension benefits.
A third of British people have no life insurance at all, says the ABI. Of those that do, a third may be underinsured if they have not renewed their policy.
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