Legal & General: Protection could lessen impact of credit crunch
www.moneynews.co.uk > General finance > Legal & General: Protection could lessen impact of credit crunch
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Legal & General: Protection could lessen impact of credit crunch
Thu 12th Jun 2008
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The lender noted that increased mortgage rates, high council tax and rising fuel and food bills have hit household budgets.
As such, Bonnie Burns, product marketing director of protection, stated: "Most families' finances would unravel if a parent died or became too ill to work."
"They are risking their futures by not protecting their key asset - their future income," she added.
Family protection policies provide a monthly income for a set term, should the policyholder die or suffer a critical illness.
Earlier this month, Legal & General said advisors should be recommending protection to their customers as a way to broaden their revenue streams.
Related News : General finance |
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Related News : Legal and General |
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