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Life insurance crucial in financial stability

Date: Wed, 19 Apr 2006

Many Brits are failing to ensure they have secured their long-term financial stability by the age of 26.

Research from the country's independent financial advisers (IFAs) suggests that essential foundations of financial security need to be firmly in place otherwise in the long-term Brits could be facing budget problems.

Provider Prudential concluded that many IFAs feel that planning for a pension should start at age 22, buying a first house should happen at age 25 and starting to save should begin at 26.

"When did it go out of fashion to save?" asks Andrea Rozario, director of IFA firm Rozario Harris in Essex.

"While we can't turn the clock back to our grandparents days, I do think as a nation we need to get a grip on our finances."

However, the growing level of debt and strong house prices means that this is not the case for many people. Therefore it may be worth many consumers considering the purchase of life insurance to help ensure long-term financial security for loved ones.


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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.