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
Children Do Pay Tax On Their Income And SavingsiExpats.comThe truth of the matter is children pay no tax if they earn less than the personal income tax allowance – which is £11,000 for the 2016-17 tax year. If a parent tries to offload some earnings to reduce their personal tax ... The money is not lost even ...
BBC NewsTax warning over unlocked pensionsBBC NewsSome people are being hit with an unexpected tax bill after unlocking their money from a pension pot, according to Citizens Advice. Others are facing reductions in welfare payments owing to the income received by releasing the funds. The so-called ...and more »
Mirror.co.ukBrits banish Brexit fears with massive £291million credit card splurge - but experts warn of future problemsMirror.co.ukHouseholds slapped £291million more on their credit cards than they repaid in July, according to figures from the British Bankers' Association. The jump, up nearly a fifth on July 2015, came despite reports that consumer confidence had tanked in the ...and more »
Money Briefs: UK banks' approval of mortgages downThe Straits TimesLONDON • The number of mortgages approved by British banks last month fell to its lowest in a year, but robust credit growth added to signs that the Brexit vote has had little impact on consumers so far, industry data showed yesterday. British banks ...
Telegraph.co.ukRock-bottom interest rates are tearing up Britain's steady investment cultureTelegraph.co.ukFor over 150 years, the UK economy has defied Marx by turning workers into capitalists. What now? ... One is that hard work, thrift and long-term planning should be rewarded in return for the public being asked to take control of their personal ...
Have you met...
Latest Members:


hannamarin


nermine


ahmed


planckster


0552037117


devdeep


minhthu2608

 

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