The material on this website is for information only
and is not intended as any recommendation or endorsement of any products or companies mentioned. We are not licensed by the FSA to give financial advice, and none of the material on this website constitutes or is intended to constitute financial ...
News
The GuardianFrom solicitors to scientists: how the 2008 recession continues to affect wagesThe GuardianDo you feel as if you never have enough money? New data might explain why – a report by the TUC, published on Wednesday, found that Britain has been hit by a bigger fall in real wages since the financial crisis than any other OECD country apart from ...
Telegraph.co.ukNegative interest rates: necessary evil or symbol of greed?Telegraph.co.ukEven then, some parts of the business would benefit – Barclaycard, for instance, would benefit modestly as the fall in funding costs would be greater than any fall in credit card interest rates. Britain's banking chiefs are adamant they will do all ...and more »
This Is WiltshireTeacher's sadness after adminstrators called in to schoolThis Is WiltshireA TEACHER has spoken of her sadness at the closure of the school where she worked after administrators were called in. Administrators were called in to Ferndale House Preparatory School in Faringdon, Oxfordshire, on July 22, she said. Staff, many of ...and more »
The RegisterUK's 'Sir King Cash' card fraudster ordered to cough up £560000The RegisterIn total, it is estimated Benson went through more than 2,000 stolen credit cards. After running the scheme over the course of a year, both Benson and his partner were subsequently caught and convicted of fraud and money laundering in July of 2015.and more »
Telegraph.co.ukMy pension dilemma: £40,000 a year for life – or £1.3m now?Telegraph.co.ukSky-high payouts and a growing desire to avoid inheritance tax are just two of the factors driving a surge in the number of retirees willing to swap their “and more »
Have you met...
Latest Members:


minhthu2608


hamadahamo


alsabaak


NO


qasrksa


marwasaf


lolo

 

General News

Email this story to a friend:

£318 BILLION WORTH OF MORTGAGES NOT PROTECTED BY LIFE INSURANCE

Nearly half of mortgage holders don’t have life cover to protect their mortgage01-11-2010

Nearly half of mortgage holders in the UK (43%) don’t have their mortgage contributions covered by life insurance according to new research from Sainsbury’s Life Insurance.... around 7 million people owing £318 billion in total on their home loans have no life insurance to cover them.

In recession when you’re tightening your belt and need money for the immediate priorities, insurance against what might happen in future does seem like the best thing to cut. But think about what might happen if you were to die and leave your nearest and dearest with a mortgage to pay. If they couldn’t afford to make the mortgage repayments they might have to sell their home – at what is already one of the most stressful times they have to deal with. If you can afford if life insurance gives you the peace of mind to know that if you die the mortgage will be paid off and your family can go on living in their home as long as they want to.  

Life insurance doesn’t have to be expensive. Sainsbury’s Finance offers premiums which start from £5 a month. Nectar card holders taking out a new policy before 30th November 2010 will receive £50 of Sainsbury’s vouchers and 1,000 Nectar points.

Shop around to find the best deal for you.

Advertise with us  |  Privacy  |  Terms & Copyright                                                                                     Website maintained by USP Networks