UK Money News
1st February 2008
Consumers urged to consider incapacity cover of insurance
Consumers should take into account the prospect of losing their livelihood when considering insurance policies, it has been claimed.
A new study from the Association of British Insurers (ABI) shows that nearly a quarter of people (23 per cent) have no idea how they would cope in the event of losing their regular income, despite the potentially ruinous financial consequences.
However, the stress and worry that this might bring can be mitigated by taking out an insurance policy that covers the eventuality of long-term incapacity or losing your job, director of general insurance and health at the ABI Nick Starling said.
He commented: "It is important when people are taking out a loan or a mortgage that they think about how they would meet repayments should they fall ill or become unemployed.
"Insurance can play a role in helping people meet their financial obligations in these circumstances."
According to figures cited by the ABI, there are currently 2.4 million Britons with long-term illnesses who claim incapacity benefit.
back to February's Money News
This article and more Latest Money News can be found on MoneyCrocodile.co.uk
Personal Loans from UKPersonalLoans.com
Personal Secured Loans for Homeowners and Personal Tenant Loans for Non-Homeowners. You can apply online for an Any Purpose Loan or Personal Debt Consolidation Loans or use one of our Loan Calculators.
Debt Advice from ReduceDebt.com
Debt problems? Refused a loan? Got CCJ's or Arrears? Get the best advice and help by enquiring online. Our Debt Professionals will help you whatever debt problems you have. Some of the options available to you are Debt Management, Debt Consolidation, Debt Couselling and IVAs,
UK Personal Finance from MoneyCrocodile.co.uk
UK Online Personal Finance site covering: Loans, Mortgages, Credit Cards, Insurance, Debt Advice, Bankings and Savings, Finance Tools and Money Jargon. We also cover Any Purpose Loans, Secured Loans, Personal Loans, Tenant Loans, Car Loans and Debt Consolidation Loans. If you are looking for Personal Finance let Money Crocodile put a smile on your face.
Car Loans from GBCarLoans.com
Don't just accept the dealers finance - get a quote from us before you buy!. UK Car Loans for New Cars or Used Cars: Supermini, Small, Hatchback, Saloon, Estate, MPV, 4x4, Sports, Luxury, Executive, Cabriolet or Classic Car.
Tenant Loans from TenantLoan.com
If you're looking for a low cost tenant loan, then look no further. We aim to find you a highly competitive interest rate and you can borrow anything from £5,000 and £250,000 with up to 25 years to pay.
