Archive for the 'Life Insurance' category

A Guide to Critical Illness Cover | Life Insurance

August 31, 2021 | Posted under: Life Insurance

A Guide to Critical Life Insurance (Critical Illness Cover) Protecting yourself and your loved ones encompasses a whole manner of things, including ensuring that you’ve got a suitable life insurance policy in place to protect both you and your family in the event of something happening to you. While you might already have a standard life insurance policy, you might also want to think about getting a life insurance add-on such as critical illness cover. This additional cover can be part of…

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New Data Shows Life Insurance Sales Increased During Lockdown

July 28, 2021 | Posted under: Life Insurance

New data shows life insurance sales increased during lockdown Data shows that sales of life insurance policies increased by 18% from March 2020 to March 2021, with young people behind the growth. The subject of death has been almost unavoidable over the past year or so, with updated statistics being reported on a daily basis during the Covid-19 pandemic forcing us to face up to our mortality more than we would normally like. This seems to have had an effect on the numbers of people buying life insurance,…

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Life Insurance for Over 50s | What You Need to Know

July 1, 2021 | Posted under: Life Insurance

Life insurance for over 50’s – What you need to know People often think that getting accepted for affordable life insurance at the age of 50 and over can be difficult, but this isn’t always necessarily the case. Anyone over the age of 18 can apply for life insurance to protect their loved ones, but there are generally specific plans in place for those taking out insurance aged 50 plus. If you are over 50-years-old and looking for the best life insurance deal, read our guide below…

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Do Young People Need Life Insurance?

June 8, 2021 | Posted under: Life Insurance

Do young people need life insurance? When it comes to thinking about life insurance when you’re under 30, it’s probably not a subject that you really feel ready to broach. After all, you’re still incredibly young, so why should you be thinking about what is the best type of life insurance for a young person? If you are wondering whether or not you need life insurance then you’re probably already aware that it’s a good thing to look into, regardless of how old you are. In…

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What Happens to Our Debts When we Pass Away?

May 14, 2021 | Posted under: Life Insurance

What happens to our debts when we pass away? In 2019, the average UK household debt was just over £15,000. But what happens to our outstanding debt, such as unpaid loans, when we pass away? Are our loved ones responsible for paying it off? Will our family members have to take on the financial burden or does our debt die when we do? The answers to these questions are not straightforward, as the likelihood of your family having to take on your debut depends first of all on the type of debt that…

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Warning Issued Over Scam Email Claiming COVID-19 Vaccine Voids Life Insurance

May 7, 2021 | Posted under: Life Insurance

Warning issued over scam email claiming COVID-19 vaccine voids life insurance Consumers have been advised to ignore a bogus communication which falsely claims that having a COVID-19 vaccine will invalidate their life insurance policies. The scam email purports to be from Allianz and claims to be a product disclosure statement and policy document for a life insurance policy. The email includes a list of scenarios in which the company would not pay a life insurance benefit, drawing attention to a line…

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Benefits of Life Insurance

April 19, 2021 | Posted under: Life Insurance

What are the benefits of life insurance? When it comes to the subject of life insurance, most people will probably be aware of the key benefits of life insurance and how it offers peace of mind for your family and children in the event of your death. While you might be aware of some of the main advantages of life insurance, there are perhaps other pros that you should be aware of in order to be fully confident with your policy. What is life insurance? How does it all work? Life insurance is something…

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7 Common Mistakes Made When Buying Life Insurance

April 14, 2021 | Posted under: Life Insurance

7 common mistakes made when buying life insurance Buying life insurance can seem like a daunting thing to do, especially if you’re not sure what type of cover is the best suited to you or how much cover you should have in place to make sure that you and your loved ones are fully protected should the worst happen. To help, we’ve put together 7 of the most common mistakes people tend to make when purchasing life cover (or indeed, when considering it) so that you can avoid doing them yourself…

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Do You Need Life Insurance For a Mortgage? | Guide

April 9, 2021 | Posted under: Life Insurance

Do you need life insurance for a mortgage? Is life insurance compulsory or can you get a mortgage without a policy? Here's all you need to know... Buying a house is always an incredibly exciting, albeit remarkably expensive experience. Not only do you have to factor in the cost of actually paying for the house and putting down a deposit on the house, but you will also have to account for mortgage payments and payments for various types of insurance as well. Having a mortgage is undoubtedly one of…

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Life Insurance Payouts for 2021 and Situations Where Insurers Won't Pay Out

March 25, 2021 | Posted under: Life Insurance

Life insurance payouts for 2021 and situations where insurers won't pay out The Association of British Insurers (ABI) has collated life insurance compensation data from the last year to specifically show the impact of Covid-19 on life insurance claims. This is the first time the ABI has provided specific data for a single event, namely the Coronavirus pandemic. What does the ABI data reveal? - Does life insurance really pay out? The ABI has reported that life insurance companies paid out £202…

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