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
Childcare 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.
Many 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’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.
As part of today’s June 2010 budget changes, the Chancellor George Osborne has announced an increase in Capital Gains Tax for higher earners from 18% to 28%, effective from midnight tonight. This will relate to higher earners who earn more than £44,875 (i.e. who have taxable income of more than £37,400). For those paying the basic rate [...]
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.
Plans for a £1m Inheritance Tax threshold are cancelled, leaving Inheritance Tax allowances at previous levels. This leaves consumers exposed to a potential Inheritance Tax liability of 40% on portions of their wealth.
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.
