Yesterday I received a marketing e-mail from Zurich promoting mortgage protection, which had a number of facts within it that I found quite eye-opening. Therefore I thought I would share them with you to get thinking about your own personal cover provisions!
- You are 4.6 million times more likely to get cancer than win a jackpot lottery payout.
- 4 in 5 people with cancer are affected financially.
- On average, over 1,558 people die each day in the UK.
As I’m sure you agree these are quite hard hitting facts, which in my opinion really highlight the importance of making sure you have cover in place. Furthermore Zurich’s e-mail went on to say/ask the following;
“Buying a new home is one of life’s biggest and most exciting events. It’s also a big financial commitment – one that could be with you for 25 years or even more.
One of the things you’ll discuss with your adviser is how much you can afford to pay now. But equally important is making sure you can continue to make your mortgage payments in the future, whatever happens.
Your ability to pay your mortgage is based on your income. So stop and think for a moment – what would happen if your income were reduced in the future? Could you continue to make your mortgage payments?”
There are a number of questions above for you to consider if you don’t have cover in place!
Additionally I must stress it is also important to review your protection (if you have it) on a regular basis as circumstances can change – therefore meaning cover needs to be increased or in cases decreased
If you want to review your protection needs please contact Reeves Independent on 0191 281 9862 or email email@example.com for a FREE initial discussion!