Is your life insured?
While the vast majority of people in the UK know fine well that life insurance could be something of a godsend for those left behind in the event of a tragedy it seems that many people still have inadequate life insurance cover in place. Those who have a mortgage in the UK will have some form of insurance attached to this mortgage which will see the outstanding balance paid off in the event that both or one of the holders was to die. However, should you have additional life insurance in place?
When you consider that the repayments on a mortgage on death will give remaining dependents a roof over their heads, additional cover would allow them to reduce their financial worries in the future. Many people also look to put in place provisions for the children in the event of their untimely death to ensure that they are "catered for" in the future. There are many different types of life insurance available and there will almost certainly be something to suit your budget and your requirements.
Don't be one of the thousands of people in the UK who put off reviewing their life insurance arrangements until it is too late!
Brits urged to reassess insurance cover amid economic concerns
Britons have been urged to assess their insurance cover in the light of signs that an economic downturn is setting in. In a study conducted by PruProtection, it was discovered that nine per cent of the population have no insurance cover at all. Meanwhile, just 13 per cent of those polled have mortgage payment protection insurance, payment protection insurance or accident, sickness and unemployment...Read More
Equitable Life saga goes on
The Equitable Life nightmare goes on for the UK government with news that the Equitable Members Action Group (EMAG) has obtained permission to take the UK government to court amid demands for significant compensation. The near collapse of Equitable Life saw many policyholders lose a significant chunk of their retirement savings and even though this happened nearly a decade ago the UK government ha...Read More
Have you been shopping around for your motor insurance?
As we covered yesterday, the UK car insurance industry is set to hit customers with an average 14% increase in car insurance premiums. This comes at a time when UK motorists are being hit on all sides with increased road tax, increased petrol prices and now increased car insurance premiums. As we have mentioned on numerous occasions, it seems as though the UK motorists is, and always has been, "fa...Read More
Lloyds bank set to escape asset protection scheme
Rumours in the city suggest that Lloyds bank is on the verge of receiving official clearance from the UK government and UK authorities with regards to leaving the government's asset protection scheme. This is a scheme which Lloyds bank agreed to join some time ago but requires a £15 billion premium to cover hundreds of billions of pounds of potentially toxic assets and ultimately protect the comp...Read More
National insurance rate rise will hit the UK economy
While attempting to gloss over any negative factors in the pre-budget report, Chancellor Alistair Darling was forced to confirm that the government will be increasing national insurance by 0.5% from April 2011 for those earning more than £20,000 a year. The move has been criticised by industry leaders as a backdoor income tax and a tax on the recovery of the UK economy.
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