Figures released by the ONS* today (Feb 16th) show that people in the UK spend more per week on chocolate and mobile phone charges than they would on life insurance.
Life insurance comparison website Compare Cover has analysed the latest Office of National Statistics Family Spending data and found that on average Brits spend more on takeaways, mobile phone subscriptions and pets than they would on insuring their lives.
It can cost as little as £5 a month** for life insurance, that’s around £1.25 per week, yet on average in 2015/16 the UK population spent £45.10 a week on restaurants and hotels, £3.40 a week on satellite subscriptions, £2.80 a week on cigarettes and £1.90 a week on chocolate.
Mike Preston, Business Development Director at Compare Cover, said: “Compare Cover is a life insurance...