The insurance provider, Legal & General has highlighted the key points in a person’s life, when life insurance is seen as a necessity. These times include when a person buys a house, if they get a new job set up a business, also getting married or after the birth of a child.

Other points for taking out a life insurance policy include, when a house is being upsized or if getting a divorce or during the time, when a person is approaching retirement.

Different insurance policies such as critical illness cover or income protection were related to the different circumstances that they would be relevant to.

Spokesperson Bonnie Burns said protection insurance is often mistakenly viewed as an "afterthought". She also stressed that it needs to be reviewed at times such as moving house or expanding a family to avoid a personal protection gap from increasing.

The insurance provider had also recently increased their underwriting limit. This shows how credible a person is to receive a financial product such as insurance.

Russ Whitworth, underwriting and claims director said Legal & General had "simplified the process" of financial underwriting.