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Published on November 10, 2010

Four in 10 mortgage holders have no life cover

Disclaimer: This post was published over 15 years ago. While the information was accurate at the time of writing, mortgage products, rates, and regulations may have changed. For up-to-date advice tailored to your circumstances, please contact us.

Four in 10 mortgage holders have no life cover.
A total of 43% of mortgage holders in Britain do not have their mortgage payments protected by life insurance, according to data from a major life insurer.The findings suggest that there are over 7.1 million people with a collective outstanding mortgage balance of £318bn who have no life insurance and mortgage protection to cover this.