Legal & General has stressed the importance of income protection following Shelter reports of increasing numbers of people receiving housing, debt and benefits advice.
The charity has seen a 40% increase in the numbers of calls from people in England seeking help with housing costs, arrears and other debt issues; in the last six months visitors to Shelter's online housing costs advice have doubled.
Duncan Finch, managing director of retail protection at Legal & General, said financial planning and particularly income protection were important considerations in light of increasing debt issues.
He said: "One of the major causes of debt issues can be suddenly and unexpectedly losing your job. Obviously the impact of unemployment has a huge effect on all aspects of life, including the affordability of accommodation."
Stephen Smith, director of housing and external affairs at Legal & General, said client understanding of the size of commitment involved with mortgages was paramount to ensuring appropriate re-payment plans.
He added: "Equally it is important lenders show forbearance where appropriate and keep homeowners fully aware of the full terms and conditions of their mortgages and the impact rate changes can have on their housing situation."
Campbell Robb, chief executive of Shelter, said the research showed a "frightening" lack of options available to people who were currently trying to keep their property.
"Sadly, with little remaining of the housing safety net meant to support them in tough times, many can quickly find themselves at risk of losing their home," he added.
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