Twenty four million people are thought to have no cover in place for such an event, according to research.
Those without cover who said they had considered taking out an insurance policy to provide if the main earner of a household was unable to work or died, would be underinsured by an average of £14,500 a year.
A third of people estimated that they could live on less than 35% of their take home pay if they suffered a serious injury or illness.
That equates to just £171 per week for an average earner – £300 less than the current average household expenditure of £471.
So did we listen to Churchill?……i leave it up to you.
Mark's Mortgage Blog - http://merrivale47-mortgagemonkey.blogspot.com/
Can I please be the first to do this...?
OH,YES!
Granted as a nation we have adopted many of his values.....but in terms of the public taking financial responsibility for the well being both of them and their siblings, which is what Churchill's message was about , I would say no.
Based on my 20 plus years in the financial services industry it has always saddened me and continues to sadden me that the majority of people in the UK prioritise the insuring of their vehicle, pet or even mobile, above the most important thing of all............themselves.
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