Industry News
Insurance 'could protect families during credit crunch'
Posted on 23rd April 2008
Families should invest in insurance cover in light of the ongoing credit crunch, the Mirror Money has advised.
Today's article (April 23rd) says that if the country goes into recession people could risk losing their jobs and homes and not have insurance cover to fall back on.
The article also suggests that families could save up to a third of their current spend by getting the right cover and plan by getting rid of unnecessary policies.
"If you died suddenly, the tragedy would be made even worse if your family lost their home as well," the article says.
Having adequate life insurance worth ten times the main provider's yearly income should prevent families being faced with the loss of a house or financial costs in the event of such a tragedy.
A survey by Which? has found that 43 per cent of adults are currently worried about the credit crunch.