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!
Motor insurance industry branded ‘dysfunctional’
The office of Fair Trading has moved to call the motor insurance industry dysfunctional, and has requested the Competition Commission investigate why people end up paying so much for insurance. The cost of insurance has been on the rise for years now, and it is though it could have risen by as much as 20% over the last three years alone. The industry has justified this by pinning much of th...Read More
'Unlucky birthdays' revealed by elephant.co.uk
People born on certain days of the year are more likely to have a driving conviction, a car insurance provider has said.After reviewing two million customer insurance claims, elephant.co.uk identified the top three dangerous dates as September 16th, February 29th and December 24th, in that order.By contrast, May 31st was revealed to be the day on which, proportionally, the safest drivers were born...Read More
Over a million Brits drove uninsured last year
A significant number of Britons are driving without car insurance, despite the huge risks involved. In a poll conducted by Sainsbury's Car Insurance, around 1.15 million people confessed to having got behind the wheel of a car in the last 12 months without an insurance policy. The largest proportion of these were young drivers, with those in the 17-24 age range accounting for two-fifths of the tot...Read More
AXA rewards safe motorists
Financial giant AXA has revealed a new car insurance policy which will see those with eight or more years no claims bonus receiving a 90% discount on their premiums. This compares to the average discount of 65% on a maximum five-year no claims bonus and will obviously further benefit the vast majority of drivers in the UK who do not claim on their car insurance. This comes at a time when the AA...Read More
Payment Protection Insurance Plans Under Fire
In a move which many believe will see the end of the Payment Protection Insurance (PPI) sector the Competition Commission has indicated a number of possible changes which will give power back to the consumer. The changes involve forcing retailers to advise clients that they can buy their PPI cover elsewhere, price caps and annual subscriptions which need to be agreed by the consumer.