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Life insurance should provide long-term security
Date: 07 Feb 05 Analysis
Brits have been warned that they need to provide long-term financial security for their families when buying life insurance.
Sainsbury's Bank found that almost half of people with life insurance policies have not thought beyond their immediate debts.
If the worst were to happen, many families would be left lacking the financial security they need.
Policyholders are urged to review the level of cover they have bought and consider the consequences if they weren't around.
"Families should remember that over and above paying off debts, the real benefit of life insurance is that it is there to make sure that your family is left financially secure in the long term should something happen to you," said Sainsbury's Bank's Donald Jarvie.
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Endsleigh Insurance Services Limited. Company No: 856706 registered in England at Shurdington Road, Cheltenham Spa, Gloucestershire GL51 4UE.