12 September 2019

Research has shown that mortgage holders often overlook the importance of having the right protection policies in place when taking out their loan. A mortgage is a big responsibility that usually lasts for many years, and as we all know, life doesn’t always go according to plan.The best financial advice when taking out a mortgage is always to consider what would happen if illness, accident or death were to intervene, and have a plan in place to safeguard your repayments. Policies provide an income or pay out a lump sum that can be vital in keeping a roof over a family’s head at a difficult time. A recent survey amongst mortgage holders showed that 42% don’t have a life insurance policy in place, 71% have no critical illness cover, and 81% don’t have any income protection in place.

Many were aware of the need for cover; 20% of full-time working people questioned for the survey recognised that they would benefit from having insurance protection in place, but hadn’t got around to arranging it.

🚨 Data accurate as of the date of publication – 12.09.2019.

🚨 The above material is for informational purposes only and does not constitute a sales offer or financial advice. Before taking out any insurance, credit agreement or other financial product, you should obtain individual advice on your requirements and the general terms of the contract.

1Royal London, 2018
Intrinsic Quartely Magazine Q4 October 2018 FINAL

4.8/5 - (32 votes)

Do you need professional advice or a no obligation quote?

Ask us for a quote


Polisa na zycie Do you need to reassess your life insurance?
26 June 2024
When was the last time you reviewed your life insurance policy? It might not be...
Wynajmy wakacyjne Big changes to taxation of furnished holiday lets
25 June 2024
The Chancellor also announced the abolition of the Furnished Holiday Lettings (FHL) tax regime –...
Ulga w podatku Abolition of Multiple Dwellings Relief
24 June 2024
Elsewhere in the Budget, it was announced that Stamp Duty Land Tax (SDLT) Multiple Dwellings...
Insurance quote