People don’t have provision in place for their death, research finds

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Nearly two thirds of people in our region have no will, according to research by insurance firm Legal & General.

The study also indicated almost a third (30 per cent) of people in the East Midlands had no provisions in place in event of their death.

Respondents in the East Midlands were found to be slightly less prepared than the average Brit.

Many also underestimate the age at which a critical illnesses is likely to strike, with 29 per cent of people believing the average age for a critical illnesss claim to be 61 – 13 years later than the reality.

John Hyde, marketing director at Legal & General Life Insurance, said: “These results suggest that many people are falling into the ‘it won’t happen to me’ trap when it comes to planning for the future. Making sure you have adequate provisions in place both for yourself and your family should the worst happen is a responsibility we all share.

“The fact that almost a third of people wouldn’t consider becoming more financially responsible is worrying and highlights the need for greater awareness around the importance of life and critical illness cover.”