The results prompted a stark warning from Mark Huggins, director of AA Financial Services, who insisted even those who did have cover would benefit from regular reviews: "You might not know how much your life insurance will pay out down to the last penny, but it's important that you know what kind of life insurance policy you have and check it reflects your needs and the requirements of your family."
He added that this was particularly important as "income and outgoings change over time".
The survey found that just 41% of adults have life insurance, although amongst people in their 40s and 50s this figure rose to over half (57%).
