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 …
Have you any idea how much life insurance you need? A frightening number of Brits don’t have any life insurance at all and many that do have no real idea if it would be enough to cover their needs if the worst came to the worst.
VitalityLife – one of the panel of insurers we use at FPL –paid out a record amount in claims in 2016, including 99% of those made for life cover. The firm paid out a total of £33 million on 807 claims which also included 93% of serious illness claims and 94% of those made for …
When we think about how much life insurance our families need most of us just consider what would happen if the worst should happen to the man of the house. But it is important to realise that mothers are just as financially vulnerable and life cover is just as important for them.
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 …
If you have ever tried to work out which life insurance policy is best for you then you’ll know just how complicated a job it can be. You can be faced with a bewildering array of different products, all making different promises and, if you’re truthful, you don’t really understand any of it.
Millions of Britons have admitted they would be in real financial trouble if serious illness forced the family breadwinner out of work for any length of time. New research by Scottish Widows has revealed a fifth of all households would not remain financially secure for any length of time.
Have you ever thought what would happen if you lost your income? Could you manage or would you be tumbling down the slippery slope into debt? You may be fortunate enough to be a dual income family, but if the main breadwinner came out of work could you manage on what you had left?
In the dark days of financial austerity many workers found their employee benefits being eroded as employers struggled to maintain profitability. One of the most common ones to fall by the wayside was critical illness insurance, designed to preserve your income if you are forced to give up work through accident or serious illness.
Do you have a contingency plan ready to put into place if financial disaster strikes your family? What would you do if the breadwinner suddenly had to come out of work through sickness or accident?