It’s not something anyone likes to think about, but covering the cost of your funeral is becoming ever more important as prices spiral well above the rate of inflation. With the average cost of even a basic burial rising to £3,072 and a basic cremation costing £3,294, your family will be faced with a hefty …
New figures from the Association of British Insurers (ABI) show that just 1 in 4 UK households are covered by life insurance. This is despite the fact that insurers are paying out £9 million a day to support families, helping them to cope with illness, injury or death of a loved one.
Has the PPI scandal put you off taking out any kind of protection insurance? If so, you may have left you and your family open to unnecessary risk.
Have you ever thought what you should do when your term life insurance policy runs out? Term life insurance is taken out over a set number of years and is designed to cover you and yours for major financial obligations should the worst happen.
New research shows that 11.7 million families are in danger of losing their homes because of an insurance ‘protection gap.’ Research by insurance company Aviva has found that almost 12 million UK families have no insurance cover in place to pay the bills if the main breadwinner either dies or becomes unable to work.
The world of insurance can sometimes seem complex and confusing and not all types of policy are easily understood – amongst these is critical illness. In these financially stringent times most of us are careful how we spend our money and asking ‘what can critical illness cover do for me?’ is a sensible question.
Protection has become a dirty word since the country became aware they had been ripped off for years by the great PPI mis-selling scandal. Now the distrust created by the episode is leaving thousands of British families at risk of being plunged into debt because they have no financial safety net.
A new survey has found consumers are put off buying life insurance because they massively over-estimate its cost. The report claims consumers are typically over-estimating the cost of a policy by almost 400%.
Is your mobile or internet broadband connection more important than your life and providing for your family? Astonishing figures from a recent survey by Scottish Widows reveal 80% of Britons think their broadband connection is essential for daily life. Mobile phones are seen by 71% as being vital, but just 39% consider providing financial security …
Have you any idea how much life insurance you need? Recent research suggests that many people who have taken out a life insurance policy have not taken enough to even cover the cost of their mortgage, let alone all the other demands which will be made on the payout.