Decreasing Term Life Insurance News - protected.co.uk

Over one million workers claim that they are unhappy in their current jobs but cannot change careers because of the credit crunch, a survey reveals.

Despite being dissatisfied with their employment, 1.4 million individuals say that financial pressures mean they will have to stay put, uSwitch.com has discovered.

But 55 per cent of people state they will not accept a pay cut if they were to change companies, despite being unhappy at their current firm.

Indeed, depression or stress caused by their job could lead to the onset of more serious health problems further down the line, although life insurance could be a financial cushion should such a scenario occur.

Commenting on the findings, personal finance expert at uSwitch.com Louise Bond says: "As we go into 2009, households need to focus on recession proofing themselves - cut out unnecessary expenditure, shop around to reduce household bills and get back into the saving habit."

Placing some money saved into cover such as decreasing term life insurance could protect mortgage payments should a household's income be reduced.

In related news, almost two-thirds of Britons do not realise that advice regarding their future finances can be found at a high street bank, Halifax recently discovered.