TOO MANY PARENTS OVERLOOK PROTECTION

New data has found that many parents are overlooking protection when purchasing homes.

Only 19% of parents actively planned for protection cover when buying their home. Despite this, the average parent thought that, if they suddenly lost their income, they would only be able to keep up with mortgage repayments for four and a half months. Also, 43% of those with children said they would like some form of insurance to help them maintain their standard of living if they were unable to work. That’s where protection comes in – the right cover can provide peace of mind that you and your family would be financially supported during difficult times.

As with all insurance policies, conditions and exclusions will apply.

Your home may be repossessed if you do not keep up repayments on your mortgage

Sources:

Vitality urge parents to think beyond mortgage and safeguard stability

https://www.ftadviser.com/content/8d7135ee-7e94-4c64-97cd-ff78a0be41e7