Posts Tagged ‘Life Insurance Products’

MetLife to expand investments range following Alico acquisition

Thursday, November 4th, 2010

MetLife guaranteed investments
MetLife Europe is to expand its range of investments products following its acquisition of American Life Insurance Company (Alico). In a deal which MetLife says creates a ‘global insurance and employee benefits powerhouse’, MetLife can now build on its range of investments offering a ‘no risk to capital’ guarantee. Read More

Life insurance cover for medical conditions and hazardous occupations

Thursday, October 14th, 2010

Life insurance cover for medical conditions and hazardous occupations

Life insurance specialist Compass has launched ‘Unusual Risk’, a policy offering life insurance cover for those with medical conditions, those working in hazardous jobs, or those who play extreme sports.
Read more

Key Man Insurance – needed by many, taken by few

Thursday, July 29th, 2010

Key Man Insurance - needed by many, taken by few

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

Pension planning more crucial due to new retirement age

Wednesday, June 23rd, 2010

Continue to base your pension planning on retirement at 65, even if you are hoping to work into retirement, says Friends Provident. Health or other issues could well shatter your plans for a longer working life. Click headline to read more.

Telling FIBs – Family Income Benefit Insurance

Friday, June 11th, 2010

Telling FIBs - Family Income Benefit Insurance

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.

Pensions annuity still most popular route to pension income

Friday, June 4th, 2010

Most people are still likely to opt for an annuity for pension income, even if the government removes the requirement to do so, experts have said in a new poll.

Nationwide struggles with deficit in company pension scheme

Tuesday, June 1st, 2010

Nationwide’s deficit in its company pension scheme increased from £40m to £331m last year. Nationwide is the latest company to be hit by spiralling pensions commitments, as high quality but high cost final salary pension schemes are closed across the nation. Read more about the decline of the final salary pension here

Taxman takes 30% of pension income in direct and indirect tax

Friday, April 30th, 2010

Taxman takes 30% of pension income in direct and indirect tax

The average UK retired household pays out 30% of pension income to the taxman, according to new data published by insurer MetLife Europe.

UK pensioners lose this large slice of their pension income through a combination of direct and indirect taxes, which nets a total of £34 billion for the Revenue.

Pension schemes crisis deepens as costs of police pensions spiral

Wednesday, April 7th, 2010

pension schemes

The Confederation of British Industry (CBI) has called the current crisis in public sector UK pension schemes ‘unsustainable’ and said that time is running out for a shift from final salary pension schemes to more affordable pensions alternatives. The police pension scheme is the latest reported casualty.

Savings on hold as households suffer

Friday, March 19th, 2010

Currently, 11% of the adult population of the UK, or 5.4m adults, spend more than they earn each month, according to new data released this week. This is an increase of 12% since 2008, when 4.8m adults were living beyond their means.

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