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Life insurance can provide financial security

Date: Tue, 10 Jan 2006

Life insurance cover could help to provide financial security for many consumers who are worried about growing debts.

A new survey from Lloyds TSB shows that many people are pessimistic about their household's long-term financial stability. However, budgeting for life insurance cover could help boost the financial security of many families if the worst should happen to a loved one.

The bank's December’s Consumer Barometer concluded that 61 per cent of people believe that interest rates are likely to increase during 2006, whilst 53 per cent felt that prices rose during the December compared with 44 per cent who felt inflation levels had stayed the same.

"December’s data shows that consumers are not expecting the interest rate cuts that are starting to be called for by some within the industry and increasingly expected by the financial markets," said Trevor Williams, chief economist at Lloyds TSB Financial Markets.

He added: "With the latest PMI figures showing service sector growth rising faster than expected, making a recovery in economic growth in 2006 more likely, they may be right."


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Endsleigh Insurance Services Limited. Company No: 856706 registered in England at Shurdington Road, Cheltenham Spa, Gloucestershire GL51 4UE.