Protection Statistics
Mortgage protection why have any?
There are many reasons to protect your mortgage, the statistics below give you details on illness and death that many of us do not want to know. Once you have looked at these if you require more help deciding if you can afford to have mortgage protection. Simply click on the link to the Governments website Beginner's Guide to Benefits to see if you can afford not to.
Mortgage Death Statistics |
|---|
| 1 in 4 men now aged 20 will not live to 65 |
| Source: Swiss Re 2001 |
| Over 1,650 people die in Britain every day |
| Source: National Statistics Online, 11/2003 |
| Every week 6,200 people are killed or injured in road traffic accidents |
| Source: Office for National Statistics |
| One in 5 adults have a mortgage with no associated life cover (2.2 million nationally) |
| Source: Scottish Widows survey of 2,037 adults, 08/2005 |
| Owner occupation is just under 70% in the UK and just under 80% in Ireland |
| Source: European Mortgage Federation, European Commission, 2000 |
Critical Illness Statistics |
|---|
| More than 1 in 3 people in Britain will develop cancer at some time in their lives |
| Source: Cancer Research UK, 11/2003 |
| Over 270,000 people in Britain suffers a heart attack each year – that’s one heart attack every two minutes |
| Source: British Heart Foundation, 11/2003 |
| Over 55% of all CI claims are for cancer |
| Source: GE Frankona Re |
| Around 100,000 people each year in England and Wales suffer their first stroke – that’s one stroke every five minutes |
| Source: The Stroke Association, 11/2003 |
| A man has a one in four chance of suffering a critical illness before retirement age. For a woman it is one in five |
| Source: ERC Frankona Re |
Income Protection statistics |
|---|
| The State will not pay your mortgage in any case if you have over £8,000 in savings, and the mortgage was taken out after 1 October 1995 |
| Source: Redmayne Consulting, 04/2003 |
| The maximum State Disability Living Allowance is only £97.15 per week |
| Source: Redmayne Consulting, 04/2003 |
| Four million people in the UK are currently claiming income support |
| Source: Office of National Statistics |
| Stress leads to a million claims for disability |
Source: Financial Times, 01/03/2004 |
| People are 19 times more likely to be off work for more than six months due to illness or injury than they are to die before the age of 65 |
| Source: Department for Work and Pensions |
Unemployment Statistics |
|---|
| Over 1 in 3 mortgage advances have mortgage payment protection insurance attached |
| Source: Council of Mortgage Lender, H1 2003 |
| 1 in 20 of all those who are able to work in the Britain are unemployed |
| Source: National Statistics Online, 11/2003 |
| The average length of an unemployment claim has risen to 175 days in 2003 from 141 days five years earlier |
| Source: Council of Mortgage Lender, H1 2003 |
You may also be interested in:
- Term Life Insurance Explained
- Critical Illness Protection Explained
- Income Protection Explained
- Accident Sickness Unemployment Explained
- Life Insurance Advice
- Mortgage Budget Planer
- 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