Londoners 60% More Vulnerable To Payday Loans

By Sponsor Last edited 29 months ago
Londoners 60% More Vulnerable To Payday Loans

This is a sponsored article on behalf of British Seniors Life Insurance.

Photo from The Blue Diamond Gallery under Creative Commons license.

We all know life in London is a lot more expensive than elsewhere — and unfortunately, so is its end. Protect yourself with British Seniors' simple and fair life insurance policy.

Londoners are more likely than any of their fellow Brits to take out a credit card or payday loan to pay for a funeral, according to a new report by Opinium Research commissioned by British Seniors.

See if you can guess how many of your fellow Londoners get into debt covering the costs of a loved one's funeral when they've got quite enough on their plates already. 5%? 10%?

Not even close. A whopping 40% of Londoners surveyed said they had to take out credit cards or a payday loan (39%) to pay for the funeral of a loved one.

With average funeral costs set to soar by 22% over the decade, now's the time to take your future seriously. 79% of UK adults don't have any contingency plans should the worst happen. Don't be caught unprepared.

Get a quote from British Seniors now, or recommend it to friends and family in need of a life insurance policy for the over 50s, and give yourself and your family peace of mind for as little as £6.47 a month.

Last Updated 01 March 2016