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.
More and more families are choosing to protect their standard of living by taking out insurance which pays out a lump sum if either partner comes out of work through sickness, injury or even death. But experts say far too many families are still working without a safety net.
When we think about taking out a new insurance policy we tend to think about making sure mum and dad are covered if the worst comes to the worst – but what about the kids? It’s not something we like to think about, but what would you do if your child became critically ill?