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
Looming rate rise casts shadow over 5m borrowersThe TimesMillions of borrowers languishing on variable mortgage rates will pay a total of nearly £1bn a year more in interest if Bank rate rises by just one quarter of a percentage point. That will include nearly £83m in the first month alone. About 5m British ...
The private banker in your pocketThe TimesLoans, credit cards, mortgages and savings accounts are expected to be added later next year. Some banks are launching products ahead of the new rules. First Direct, part of HSBC, last week announced the trial of an app that pulls together a customer's ...
Online shopping red alertsThe TimesThe Twomeys eventually went to the European Consumer Centre (ECC) Ireland, which advised them to speak to the bank that issued the credit card and pass on the details. The money was finally reimbursed via the bank's chargeback facility, almost four ...
Penny Junor: I'm paid royally, but cashless is kingThe TimesTwo weeks into her history degree at St Andrews University, Junor met James Leith, brother of the Great British Bake Off presenter Prue. Three months later the ... With credit cards and Apple Pay, I don't use cash as much as I used to. It is jolly nice ...
This is MoneyA guide on fighting back again illegal and nuisance phone calls, emails and text messagesThis is MoneyPeople looking to withdraw money from pensions are at particular risk, as fraudsters have ramped up activity in this area. The Government is looking to ban all cold calls relating to pensions – as already exists for mortgages – though there is little ...and more »
Have you met...
Latest Members:


John


kuda321


samumba


yan


Cav1991


sophiacharles


Amelia Moore

 

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