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Might Equity Release Be Stimulated By Lack Of Plans

14/09/2010

It has been claimed that one in five workers do not have any source of alternative funding if they were unable to earn their living.

The financial expert Unum has found that a large section of the working population have no back-up plans such as relying on their partners or even having savings accounts.

Marco Forato, Chief marketing officer stated that research undertaken by Unum provided evidence to suggest that many individuals are not protecting themselves against unforseen circumstances that may arise that would lead the them losing their full income over a period of time. Many individuals take the view that 'it won't happen to me'.

It was also found that an average employee losing his job would only be able to sustain himself for a maximum period of one month which is not enough to find another new job.

Equity release may therefore be an option for some of those who have no back-up plans.

Homeowners aged over 55 years who have no back up plan and would like to know how much money the value of their property could release to help them through possible unemployment, can find out by contacting therightequityrelease.co.uk for equity release advice.

The Right Equity Release Limited which is authorised and regulated by the Financial Services Authority. Registered in England 07166676.
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