No Life Insurance For Camberley House Owners?

I think we all know that life insurance is important, but we just ignore the fact that really we need it.
In fact 43% of house owners do not have any life insurance to cover their mortage debt.
Now, I always try and encourage people to take out a life insurance policy.
Sure I earn money when I sell life insurance, but then doesn’t the carpenter, who comes round to fix your kitchen up and you then you ask him to fix a couple of doors as well.
Doesn’t the plumber, who fixes the sink but then notices that the toilet doesn’t flush.
Every business is the same, we all have additional things that we ought to sell. After all, the door will only get worse and so will the toilet that doesn’t flush.
But life insurance is different and important.
We don’t like to think about dying or being in a serious accident, but these things happen on a daily basis.
People can die at any age, or have a serious accident at any time and if your mortgage is not covered by an insurance policy, then the people left behind, your spouse or other loved ones will have to manage as best they can, because you will not be there..
So, Yes.. I always recommend taking a life insurance policy.
Here is a piece fro www.homemove.co.uk, which talks about some research done recently:
Forty-three per cent of UK mortgage holders do not have any life insurance in place to cover their mortgage debt.
According to research from Sainsbury’s Finance, Britain has seen a 47% increase in unprotected mortgages since January 2006, meaning that there could now be over 7.1 million people in the UK (with a collective outstanding mortgage balance of £318 billion) with no life insurance in place.
Sainsbury’s believes the recession is partly to blame for the decline in cover, as people get caught up worrying more about the here-and-now, rather than “the unthinkable”.
The research also indicates that, on average, an unprotected mortgage holder is responsible for an outstanding balance of over £44,000 and the retailer warns that families can ultimately lose their homes when a loved one dies and mortgage repayments become unaffordable.
In addition, the study suggests that 32% of 35 to 44-year-olds don’t have life insurance to protect their mortgage repayments, together with 34% of 45 to 54-year-olds.
Both are age ranges where homeowners are likely to have dependants and be at full stretch financially.
Hey Hey ..Be careful out there and have a good day….