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!
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.
Firms accused of mis-selling PPIs
Consumers are being 'tricked' into buying expensive payment protection insurance (PPI) when taking out a personal loan over the phone or the internet, according to a new report.PPI provides financial cover for people who find themselves unable to work through injury or ill-health.Consumer group Which? has today accused providers of mis-selling when they add PPI as a common business practice during...Read More
Checking life insurance 'important'
With the lives of modern consumers becoming ever-more complex, a life insurance specialist has urged people to consider all their circumstances when checking their policies.Life Direct, a website that offers brokered life insurance products at discounted prices, said that a worrying number of people were risking invalidating their insurance by failing to inform their insurer about changes to their...Read More
FCO launches new travel insurance campaign
14/08/2015 The Foreign & Commonwealth Office (FCO) has warned holidaymakers against travelling without purchasing the correct travel insurance first. Going away on holiday without insurance, or a “Getaway Gamble”, can end up costing the traveller thousands of pounds if something goes wrong. Recent data from The Association of British Insurers revealed the average travel insurance medica...Read More
Have you got private health insurance?
As the long term future of the NHS is called into question, more and more people are now looking towards private health insurance for themselves and their families. This is an area of the insurance market which has grown enormously over the last 20 years as waiting lists continue to grow and the so-called "postcode lottery" of health care in the UK continues unabated.
Even though ma...