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4 in 10 mortgage holders have no life insurance

A total of 43% of mortgage holders in Britain do not have their mortgage contributions covered by life insurance, data from Sainsbury's Life Insurance shows.

The findings suggest that there are over 7.1 million people with a collective outstanding mortgage balance of £318bn who have no life insurance to cover this

This represents a 47% increase on the £217bn of mortgages not protected by life cover in 2006, when the Sainsbury's life insurance last conducted this research.

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