Who needs Mortgage Protection Insurance?
Just
consider these worrying statistics about unemployment and disability in the
UK:
- Every day 90 families
have their home repossessed. The majority of these repossessions are because
of the financial hardship caused by unemployment.
- 20% of all working age
households (3.8million) have someone who is currently out of work.
- Every day 500 people
loose their job through redundancy. Nearly 70% of unemployed men and 50% of
unemployed women will be out of work for over 6 months.
- A third of all people
aged between 26-37 have experienced unemployment for a period exceeding 2
months.
- Every day 3,000 people
will attempt to claim State Disability Benefits.
- Nearly 3 million people
are disabled and have been unable to work for a year or more.
Source: Department of Work and Pensions, 2003.