| 31. |
When Should You Choose Term Insurance Instead of Whole Life Insurance?
by: Ethan Lewis
"Different strokes for different folks." When it comes to life insurance, it's important that you keep that saying in mind. Most people are familiar with "whole" life insurance. This is the kind of insurance where you will get back a certain amount of money when it "matures" at the end of the insured period. What you may not know is that there is another form of life insurance called "term" li... (read more)
• March 2006 •
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| 32. |
Life Insurance – Why Your Policy Should Be Written In Trust
by: Michael Challiner
One of the UK's biggest life insurance companies recently pointed out that only 1% of life insurance policies are written in trust. This should not be the case – and in this article we explain why. By having your policy “Written in Trust”, it means that if a claim is made, the beneficiaries named on the policy receive the payout directly. If you're not in the know, then you could be forgive... (read more)
• March 2006 •
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| 33. |
Mortgage Protection Insurance – The Essentials
by: Michael Challiner
It's tempting to sit back and relax once you've moved into your new home – but hang on, have you made sure that you're insured against all the risks that could stop you from paying your mortgage? Many things could go wrong and make it impossible for you to work, and in this article we go through each risk, and assess how important it is that you take that into account. If you are responsi... (read more)
• March 2006 •
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| 34. |
Keyman Insurance – A Business Essential
by: Michael Challiner
If you own your own business, you'll have insurance in place for your buildings, stock and vehicles, and you will be likely to have public liability insurance. You may also be insured for professional indemnity and legal costs – but have you considered insuring your most important assets – your key staff? In the UK there are 3.9 million small, often family, businesses with up to four employees... (read more)
• March 2006 •
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| 35. |
How Life Insurance Can Cover Your Mortgage Balance
by: John Winters
Discussing the need for life insurance is never a pleasant topic, and certainly combined with talk of mortgage payments, it can be downright distasteful. But it is your responsibility as the principle breadwinner in your home to consider what might happen if you or your spouse were to perish. Would your spouse be able to meet the most basic needs of food and shelter? While the money necessary t... (read more)
• March 2006 •
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| 36. |
Life Insurance – Why Does The UK Have A £2.3 Trillion Protection Gap?
by: Michael Challiner
According to Swiss Re, one of the world's largest re-insurance companies, less than half of the UK population has any form of life insurance protection. They then go on to put a figure on the value of this protection gap. Using an average income of £20,000 and assuming that the value of protection needed ranges between 5 and 10 times income, they put a value on the protection gap at £2.3 trilli... (read more)
• March 2006 •
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| 37. |
Why Term Life Insurance is the Smart Option
by: Kinney Dancair
By far, the most efficient way to obtain life insurance is through a term life insurance policy. term life insurance policy Some financial advisors insist that their clients use whole life insurance rather than term life insurance. I am going to show you why they are wrong. The three primary reasons they give for recommending whole life are: 1) whole life insurance lasts the period of your entire ... (read more)
• March 2006 •
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| 38. |
Critical Illness Insurance. Insurers Under Fire
by: Michael Challiner
Recent press coverage has again lambasted the insurance industry over critical illness insurance. The underlying problem is that a critical illness claim is not as straightforward as, for example, a claim under car or life insurance. With car insurance it's patently clear whether or not you've had an accident - the damage is there to be seen and repaired. And with life insurance it's goin... (read more)
• March 2006 •
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| 39. |
Types of Life Insurance
by: Mike Bell
If you are considering purchasing life insurance, an overview of the available types should prove helpful. This article will briefly discuss the difference between whole and term life insurance, as well as some variations on whole life insurance. The easiest way to understand the difference between whole life insurance and term life insurance is to look at what is meant by their names. When you pu... (read more)
• March 2006 •
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| 40. |
Life Insurance – Why Does Less Than Half The UK Population Have Cover?
by: Michael Challiner
Less than 50% of the UK population has any form of life insurance cover, says Swiss Re, one of the largest insurance companies in the world. In their latest annual report they estimate that £4.2 trillion worth of insurance cover is needed whereas only £1.8 trillion has been taken up. That leaves an insurance gap of £2.3 trillion. But in all probability, the gap is not that large. Firstly, there&#... (read more)
• March 2006 •
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