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.
A 45-year-old male smoker can save £276 on his annual life insurance premiums, and £1,000 per year on tobacco spending, by quitting cigarettes. The savings on tobacco will more than pay for the life insurance cover, according to Aviva.
Life insurance serves your family by helping with the financial burden that can accompany the loss of a loved one. For that reason, it is important to seek independent advice, and put a little planning into setting up your life policy. Here are the key aspects to consider – the ‘do’s’ and ‘don’ts’ of buying life insurance.
The pitfalls of arranging your own life insurance cover, health insurance, home insurance and motor insurance online or via price comparison websites have been highlighted in new guidelines by the Association of British Insurers (ABI).
As the Christmas season of ‘joy and peace’ approaches, our thoughts may also turn to the ‘peace of mind’ we gain from ensuring that our family is provided for, if we have the correct life insurance cover in place.
There’s no point in spending more than you need to spend on life insurance. Every insurer looks at your health and lifestyle in assessing you as a risk, and the cost of insurance can be reduced by following these simple steps.
Talking mortgages is so much easier if the basics are clear in your mind. Here we cut through the small print, and with ten simple points, show how mortgages work. A mortgage is made up of two elements: the ‘capital loan’ i.e. the amount you borrowed, and the ‘monthly interest’ due on that capital The two main mortgage types [...]
