§ Mr. BradleyTo ask the President of the Board of Trade what are the estimated average additional costs of purchasing private insurance to protect against sickness or unemployment after October 1995 to a homeowner with a £50,000 mortgage(a) if they are self employed, (b) if they are in full time permanent employment and are not disabled and (c) if they are full time permanent employment and are disabled.
§ Mr. Jonathan Evans[holding answer 7 March 1995] Insurers currently charge standard rates of about £7 for every £100 of monthly mortgage payment and do not generally charge different rates for different situations.
251WFollowing the Budget announcement on changes to social security assistance, some insurers appear to be beginning to tailor their products more specifically to individual needs. However, it is too early to say whether this will have a significant impact on costs.