Sunday, 6 November 2011

40% of people with a mortgage do not have life insurance...

According to a recent study carried out by Sainsbury's Life Insurance, four out of ten people living in the UK who possess a mortgage have no life insurance protection for their mortgage.

The research showed that one in three people aged between 35 and 44 years old do not have cover. This age range represents the age group which are most likely to have dependents, and arguably are possibly most in need of life insurance due to their dependents.

Helen Williams, head of Sainsbury's Life Insurance, said: "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."

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