First-time buyers 'should consider life insurance'

Compare tariffs and switch energy supplier in minutes

Compare energy deals and switch supplier to cut your energy bills by £447* a year - start saving money in a matter of minutes!

in partnership with Banner uswitch

Looking to switch your business energy supplier? Click here

* Between 1 Jul 2018 and 31 Dec 2018, at least 10% of people who switched energy supplier for both gas & electricity with uSwitch saved £447 or more.

Adults with young children who are looking to take their first steps on the property ladder should consider investing in life insurance, according to a financial advice firm.

Key Financial Consultants' managing director, Dominic Mansley, stated that by doing so, dependents that are left to pay off mortgage debt after a death in the family will be better supported.

He added that it was best for people to buy the cover at a young age when it is most affordable, before suggesting that people should consider taking it out when they get their first mortgage.

Discussing life insurance, Mr Mansley said: "If it's a single person looking to buy a flat by themselves, and they've got no dependants, then we wouldn't really worry about a lack of life cover.

"However, if it's a young family with children then we would very much make them aware of the need for [life insurance]."

Based in Manchester, Key Financial Consultants is a Financial Services Authority-regulated and authorised independent financial advice firm.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.

Cookies help us deliver our services. By using our services, you agree to our use of cookies. Learn more