Mortgage Industry News

← Back

Factor life insurance into financial priorities

Date: Thu, 05 May 2005

Over one in four people see paying off debts as a financial priority, which could also help increase demand for life insurance cover.

According to More Than's new survey, a total of 27 per cent of people polled see debt as their chief financial issue, whilst 32 per cent of UK residents are attempting to save money for their long-term future.

The study also revealed that one in five people have experienced a drop in their financial confidence over the last three months as they struggle to control their budgets.

"People are clearly sensitive to the potential for their personal finances to take a bit of a knock over the coming months and it is encouraging that many are looking to reduce debt as a first response to this," said Graham Hollebon, head of personal finance at More Than.

© 1998-2005 DeHavilland Information Services plc. All rights reserved.

Endsleigh Insurance Services Limited is authorised and regulated by the Financial Services Authority. This can be checked on the FSA Register by visiting its web site at www.fsa.gov.uk/register.
Endsleigh Insurance Services Limited. Company No: 856706 registered in England at Shurdington Road, Cheltenham Spa, Gloucestershire GL51 4UE.