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The Life Insurance Market

Thursday, February 28

Protection tips for Mother's Day @ 09:46 AM

On the 2nd of March all of us will show appreciation for our mothers. A mother needs to protect her family, whether she is a working mother or a stay at home mum. There are a number of policies that a mother can have in place to ensure her family is well protected, should anything happen to her.
The most important of these is an Income Protection policy, this will pay a tax free monthly income if she falls ill and is no longer able to provide or look after her family. All of us should have an Income Protection policy, above all others.
If taking out Life Insurance, where the policy pays out a lump, it is advisable this is taken as a single life insurance policy. A joint life insurance policy will pay out in the event of first death and the remaining partner will be left without any life insurance. So it makes sense for each partner to have their own policy, especially if they have children. This will mean a double payout should anything happen to both parents. What most people don't realise is two single policies are often only £4 more expensive, so well worth considering!
Relying on state benefits is not feasible, not these days. So every parent should take out some form of life insurance to protect their family against the worst. -- 2 comments: View - Post your own comment

Posted by YahooBot @ 09:11 PM, November 11

Nice site, thanks for information!

Posted by Frances Wilson @ 04:46 PM, April 16

Having only recently returned to work after having my first child in December this is particulary important for me - Thanks for the info.

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Friday, February 15

Put Out The Smoke @ 05:49 PM

If you’re a smoker you’re paying more for life insurance. If you’re a female and a smoker you’re paying even more for life insurance. Whether you smoke 1 cigarette or 10 a day, all insurance companies will class you as a smoker.
A life insurance policy for a non-smoking female aged 34, £200,000 of cover over 25 years costs £12.30 per month, in comparison a female smoker, same age and sum assured would pay £22.54 per month. It is a substantial increase. Is this fair? Well the insurance companies would argue, yes as a smoker is a higher risk for them due to the high number of smoking related illnesses.

March 8th is officially non-smoking day, quit and save yourself some money on all your life insurance policies, with the added benefit of a healthier bank balance and lifestyle.

To be classed as a non-smoker for life insurance you must not have smoked for a minimum of 12 months! Can you do it? -- 2 comments: View - Post your own comment

Posted by Nicola Sibthorpe @ 01:49 PM, April 25

Thank you so much for making me aware how important it is I make sure I tell the insurance companies that I am a smoker - I wasnt aware when I started shopping around this was so important as I have smoked in last 12 months but only socially every now and then. It sends the messade home about how costly the habit can be and will make me think twice as hard to give up.

Posted by Colin Stewart @ 12:41 PM, April 24

I agree totally with this, as a smoker with a life assurance policy protecting my mortgage I am paying an arm and a leg for my policy and realise I can be saving a fortune to spend on my 5 children.

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