We all have many claims on our hard-earned salaries and we obviously like to get the best value from whatever we buy, so many of us don’t see the true value of something like critical illness insurance – until we need it.
When we are young we think we are invulnerable and nothing’s going to happen to us. As we grow older it’s a thing we don’t like to dwell on, but the reality is inescapable. Continue reading “Do you need critical illness cover?”
One of the reasons most often given for not taking out protection insurance is the consumer’s expectation that they wouldn’t be paid out in the event of a claim.
But figures just released by the Association of British Insurers (ABI) shows that simply isn’t so with 97.3% of protection claims being paid out and over 98% of life claims. Continue reading “Insurers pay out record amount in 2016”
Millions of Britons are failing to plan for what will happen if their income drops if they are forced out of work by illness.
Just 46% of parents have life insurance, 22% have private health insurance or dental cover, but fewer still – 18% – have critical illness cover and income protection comes bottom of the list with 13%. Continue reading “Millions of Brits failing to plan for illness”
If the worst were to happen and you died tomorrow would your family be financially secure?
For 1 in 24 of you the answer is no. Continue reading “Is your family financially secure if you die tomorrow?”
While many of us hold life insurance to protect our families should the worst happen to us only a small number have any cover to protect them if serious illness doesn’t kill them but stops them working.
Recent research by Aviva has shown that, when we start to worry about our personal health, over half of us (58%) worry about being diagnosed with cancer with a third (34%) worrying about heart disease and almost the same number (32%) worrying about having a stroke. Continue reading “Taking a chance with serious illness”