Six million homes, half of all mortgaged residential property in the UK, could be at risk because the owners are not covered by any form of protection insurance, according to research from life and pensions provider Friends Life.
According to a recent survey by the insurer, nearly 60% of people said their main source of income if they were diagnosed with cancer and unable to work would be their partner's salary or savings. That is despite almost half of mortgage payers admitting they have £10,000 or less in savings and investments, far less than needed to provide for average household mortgage debt. > Read: Armchair critic: This is the best collective effort in protection I've seen < This follows research by leading cancer charities that around 1 in 3 people will be diagnosed with cancer during their lifetim...
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