Legal & General: uSwitch findings on cancelled policies

Legal & General comments on uSwitch's research which shows that people are cancelling insurance policies to save cash.

Alan Ferguson, Marketing and Channel Development Director said: "One consequence of the economic turmoil is that people have woken up to what risk really means...what it looks like when the unthinkable actually happens.

"For as much as people want to trim their budget at this time, the numbers of people taking out life and health cover to protect their families against the unthinkable has actually increased.* I would urge anyone thinking that this was a luxury to look around them and think again".

*Information based on L&G sales figures as at June 30 2008