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!
Car insurance braking or speeding ahead
While the latest figures from the AA show that car insurance is at an all-time high, statistics from Insurancewide website show that car insurance premiums have dropped this quarter.AA Insurance says that over the past quarter car insurance premiums have risen by 2.5 per cent, while figures released by Insurancewide indicate that in the last three months, comprehensive car insurance costs 4.6 per...Read More
Tracing that old insurance policy could prove worthwhile
It is no secret that hundreds of millions of pounds of unclaimed insurance policies are locked away in the vaults of many insurance companies in the UK. These are policies which have yet to be claimed with the underlying customers having lost contact, moved away or possibly died. When you consider the figures involved it is no surprise that locating old insurance policies has become something of a...Read More
FSA launches investigation into with profits insurance sector
The Financial Services Authority (FSA) has launched an investigation into the with profits insurance sector amid concerns that communications with policyholders and the performance of these funds may not be as good as it should be. After completing a review of 17 companies, which control 80% of the assets held in the UK with profits fund sector, the FSA has launched investigations into two individ...Read More
FSA Continues Battle Against PPI
While Payment Protection Insurance (PPI) was in the headlines earlier this year it seems as though the FSA is still very much on the trail of those who sell cover which is either unsuitable for customers or offers an excess level of protection.
The latest company to feel the wrath of the FSA is Park's of Hamilton the motor dealer which has been fined just over £60,000 for selling...
Car insurance fees hit £333m
Britons are paying out huge sums in fees to car insurance providers every year to make amendments to their policies, it has been revealed. The fees are charged by providers when drivers fail to notify them of changes which could invalidate their policies. These include a change of address or name or improvements to vehicles. Price comparison site uSwitch.com calculates that some £333 million was...Read More