Over 65 Travel News
29 June 2006 Equity release improving retirement
Over a third of those who have taken out a Lifetime Mortgage in order to release equity in their homes, choose to spend the cash on holidays and travel insurance.
The survey from Norwich Union revealed that the equity release Lifetime Mortgages are being used by many customers to make their retirement more comfortable.
Of the 34 per cent of those who have released money from their property choose to travel, many of will require senior travel insurance or specialist holiday insurance over-65.
Director of Sales and Marketing at Norwich Union Personal Finance, Daren Carter, said: "These figures show that the majority of equity release money is needed for practical purposes.
"It's already helping thousands of people to make their retirement more comfortable, either by funding home improvements, filling any gaps in retirement income and making it possible for them to go on holiday."
More than seven-out-of-ten people questioned said that they will use their equity release to make improvements to their home and around a third plan to use the extra cash to top up their income.
In a recent Internet Travel News article senior researcher with Forrester Research, Henry Harteveldt, predicted in the next four years there will be a boom in European leisure travel, driven by a rise in "the elder traveller", as baby boomers start turning 65 and overtake younger travellers in numbers. 
Back to Over 65s Travel News Stories »
Bookmark this article
| 
| 
| 
| 
| 
| 
Related Over 65s Travel News
28 August 2007 Compulsory retirement case referred to European court
A case challenging compulsory retirement ages in some professions has been... [more]
Add the latest senior travel news to your website with the Insure For All Senior Travel RSS Feed.
Keep up-to-date with the Over 65 travel news with our new RSS news feed.
To view the news feed you will need to have a news reader installed or have an account with an online news aggregator. To subscribe to our news feed using one of the sites below click the appropriate icon:
 |
 |
 |
 |
 |
 |
 |
 |
Insureforall provides cover for:
*Single trip — Europe and worldwide, ages 65-84.
*Annual policies — Europe only, ages 65-74.
*Individuals, couples or groups of up to 8 people.
If you have a pre-existing medical condition we are now able to screen for that online. Just click for a quote on this website and we will take you through the process and explain how coverage relates to your medical condition.
Buy over 65 travel insurance
Insureforall is a trading style of MediQuote Ltd. MediQuote Ltd is authorised and regulated by the Financial Services Authority.
Senior Citizen Travel Insurance | Travel Insurance Over 65 | Holiday Insurance Over 65