Aegon recently released protection claims statistics that reveal people are likely to be under protected for the amount of mortgage debt they have.
According to figures from The Money Charity, the estimated average outstanding mortgage for the 11.1 million households with mortgage debt in the UK was £119,937 in January 2017. Stephen Crosbie, Protection Director at Aegon UK, said: "The latest figures from the Association of British Insurers (ABI) and Group Risk Development (GRiD) reported that life insurance claims paid out in 2016 had an average value of £75,000. "This implies that people could be under-protecting themselves based on their...
There are just two weeks to go until the COVER Protection and Health Summit 2017 takes place.
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Over two thirds of the UK adult population either hasn't purchased any life insurance (57%) or doesn't know whether they have or not (11%), research from LifeSearch has found.