Following recent research suggesting that more than three million UK adults are unsure of which type of life insurance (http://www.postoffice.co.uk/portal/po/jump1?catId=19300223& amp;mediaId=61000695) policy they hold , the Post Office is urging consumers to pay greater attention to life insurance (http://www.postoffice.co.uk/portal/po/jump1?catId=19300223& amp;mediaId=61000695) policy details.

Life insurance can provide peace of mind by taking care of personal debts and providing financial security for a family in the event of a death. The Post Office is therefore advising consumers obtaining life insurance quotes to ensure they choose a life insurance policy which most accurately reflects their personal circumstances.

The Post Office also recommends that consumers re-evaluate their life insurance policy when their circumstances change, in order to ensure that they are still adequately protected should the worst happen. If policy holders fail to do this, they may not have the right level of life insurance cover in place, or could even be paying too much.

For example, one of the most important aspects of life insurance is to cover the value of property. This ensures that in the event of death, family members will be able to live mortgage-free, alleviating major financial worries. (I think the next sentence this is stating the obvious a bit - can we give a different example or say how if circumstances had changed then you may not get a mortgage pay out, as we have not given an example of this and this is the theme of the piece) However, if circumstances have changed, such as moving to a new home, and the life insurance provider has not previously been made aware, life insurance beneficiaries may find that they do not receive a mortgage payout as the policy might not be considered valid.

Post Office Head of Protection Duncan Caesar-Gordon said: "What is interesting is the calculation that people make when working out how much their life is worth. People need to consider a lump sum of money from life insurance that will help their loved ones pay towards something like a mortgage, should the worst happen."