Don’t forget – life insurance and a mortgage go hand in hand
Have you considered what might happen to your home and your family in Beverley if something happens to you?
According to research undertaken by one of the country’s leading life insurers, too many people in Beverley and Great Britain haven’t considered this. Maybe it’s too tragic to consider, but according to Sainsbury’s Life Insurance it can’t be overlooked.
In Britain, more than four in 10 of mortgage borrows do not have life insurance that covers their payments should they day.
Research suggests those without life cover have outstanding balances of £36,000, while particularly worrying is the fact that 33 per cent of 35-44 year olds and 30 per cent of 45-54 year olds have no life cover. This could leave their children’s future in doubt.
Helen Williams, head of Sainsbury’s Life Insurance, says:
“Mortgage repayments are one of the biggest financial commitments in many peoples’ lives but, as our research shows, unfortunately it is not something that enough mortgage holders have taken steps to protect.
“Having life insurance gives those with a family peace of mind that should the unthinkable happen and they die, their dependants can continue living in the family home with the lifestyle they have without worrying about the financial implications.
“We would urge anyone who doesn’t have life insurance to consider taking out a policy, and those who do and have moved to a bigger house to make sure it is updated to reflect their mortgage commitment.”
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