When you're young, the last thing you want to think about islife insurance. If you have just moved into your first home or are thinking of doing so, with all the expense this entails you will probably think that paying out for life insurance is not necessary and can wait a few years.
If this sounds familiar then you are not alone. According to research by Sainsbury's Life Insurance, 62% of 18-24 year olds do not havelife insurance. In many ways this is not surprising. However, the research also reveals that older age groups are just as guilty as their younger counterparts. 44% of 25-34 year olds do not have life insurance, whereas 32% of 35-44 year olds and 34% of 45-54 year olds have no cover either.
These are truly worrying numbers as these people will have dependants such as spouses or children that will be left in a real financial mess if the worst happens. Rather than ignoring life insurance, homeowners of all ages must contact a whole of market adviser so that the best life insurance can be put in place without delay.
By matching a policy with your specific situation, awhole of market mortgage protection consultant will ensure that if tragedy does strike, those who are dependent on you will not have to worry about financial issues, such as paying the mortgage. Do the right thing and protect yourself and your family as soon as possible.
Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it.