Life insurance is big business in Britain. The total value of life insurance premiumsÂ in the UK was ÂŁ166bn last year, according to data website Statista, and that could rise to ÂŁ188bn by 2021.
Despite this, it remains something that few people like to think about and, when they eventually do give it some consideration, are often unwilling to spend a lot of time researching.
Policies are typically designed to provide protection for families by covering a specific cost, such as mortgage payments or a salary, in the event of the policyholderâs death â although some policies simply pay out a lump sum on death.
Digital mortgage broker Habito has announced the launch of its own life insurance â provided…