Commenting on the findings, the financial company's protection product marketing director, Bonnie Burns, said the UK's priorities for cover "were misguided".
She explained: "We all know that it is difficult to face up to our own mortality, but when insuring possessions is prioritised above insuring lives, then something has to be done.
"Protection insurance is widely-available, value-for-money and easy to arrange, so there's no reason not to consider it."
Legal & General offers a range of financial service to customers, including term assurance, a range of insurance products, retirement planning advice and mortgage protection.
Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.