Insurance News
More play lotto than buy life insurance cover
Tuesday, August 24th, 2010 by Fiona Coyle
Most of us spend more each month on the lotto than on insuring our life and the wellbeing of our family. Only 41% of people in the UK have life insurance cover, while 68% of people play the lotto or gamble, says Aviva. The average household spends nearly £14 a month on games of chance, while the cheapest life insurance cover can cost just £5 a month.
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Key Man Insurance – needed by many, taken by few
Thursday, July 29th, 2010 by Fiona Coyle
Time is running out for small businesses. Only 18% of them have key man insurance, to cover the company for temporary or permanent loss of a senior employee. Key man insurance could be used to repay a loan on which a director had given a personal guarantee, or, in a partnership, to buy out the share of a deceased partner. Read More
Life and critical illness insurance essential to protect young families
Friday, July 23rd, 2010 by Assumpta BreslinChildcare costs for 2 children are now almost £16,000 per year. As a result, many families would struggle if one income were to be lost. The working spouse would find themselves working ‘just to pay the childminder’, but would depend on dwindling state benefits, if no life and critical illness insurance were in place.
Hidden perks single out best life and critical illness insurance
Monday, June 28th, 2010 by Fiona CoyleMany life and critical illness insurance policies include hidden perks that single them out as great value. Some even include your children under your insurance cover. Read More
PruProtect bundles critical illness insurance with medical cover
Wednesday, June 23rd, 2010 by Fiona Coyle
PruProtect’s new Health Cover Optimiser combines critical illness insurance with its private medical insurance added at a 25% discount. This gives you a lump sum plus costs towards medical or hospital bills – various combinations are possible. Click headline to read more.
Telling FIBs – Family Income Benefit Insurance
Friday, June 11th, 2010 by Fiona Coyle
Family income benefit insurance or FIB is a lesser-known life insurance policy that pays a yearly income, rather than a lump sum, to your family. FIB is ideal for funding education for your children, or the costs of childcare. It’s also a lot cheaper than traditional ‘lump sum’ life cover. Read more by clicking the headline above.
Costs to rise for life and critical illness insurance
Wednesday, June 9th, 2010 by Fiona Coyle
Insurers predict that the cost to employers of providing life and critical illness insurance, and income protection insurance for employees, will rise steadily into 2012. How will this affect you? Read more by clicking on this headline.
Women breadwinners ignore life and critical illness insurance – AXA
Friday, May 21st, 2010 by Fiona Coyle
While the woman is increasingly the main breadwinner in the UK household, she fails to realise that this has created a need for her to take life and critical illness insurance, according to AXA.
Income Protection Insurance – Workers return to work before fully fit
Friday, May 14th, 2010 by Fiona Coyle
Most UK workers would return to work before fully recovered from illness, for cash reasons, according to Aviva. Taking income protection insurance would give them time to fully recover, and not risk their health.
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