Income Protection News
Income protection cover ideal for new mortgage holders
Confidence in the mortgage intermediary market is picking up as brokers look forward to more business in the third quarter of 2009, meaning that an increasing number of consumers are getting new mortgage products.
Figures from Paragon Mortgages show that 58 per cent of financial advisers are predicting an increase in business, with nearly one in three (31 per cent) hoping for a ten per cent uplift in business.
However, if recent events are anything to go by it is vital for mortgage holders to put in place financial security measures such as income protection insurance or accident, illness and unemployment cover.
These products would come in handy in the event of unemployment, illness or injury by ensuring mortgage payments and other bills carry on being catered for through the provision of a continued source of income.
Recent figures from the Office for National Statistics showed that an increasing number of people lost their jobs in the three months to April 2009 as both the quantity of unemployed people and the unemployment rate rose.
The number of vacancies continued to fall during the same period, underscoring the need for consumers to look at ways of ensuring they have a source of income in such harsh times
Do you want advice on Income protection insurance?
After looking through the income protection insurance information if you would like Income protection Advice, complete our life insurance enquiry form and we will contact you to discuses your income protection insurance and protection needs.
You may also be interested in:
- Accident Sickness Unemployment Explained
- Term Life Insurance Explained
- Critical Illness Explained
- Life Insurance Advice
- Mortgage Types Explained
- Mortgage Top Ten
Go Direct.co.uk is a trading style for website purposes of Go Direct UK Ltd.
Go Financial Services is a trading style of Go Direct UK Ltd which is an appointed representative of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Services Authority. Registered in England & Wales Company 5703224.