13 out of every 14 Brits do not have enough financial protection. That is the worrying statistic from a recent survey conducted by one of the UK’s leading insurance companies. Aviva’s Family Finances report showed that millions of UK families aren’t appropriately insured and could be left with huge financial headaches in the event of [...]
Your student loans are wiped if you die, so the debt does not become part of your estate. However, many students accumulate quite a bit of other debt while they’re at university, including credit card debt and overdrafts. Life insurance could help your family pay these debts off in the event of your death. Fortunately, [...]
While you’re not required to take out life insurance if you have a mortgage, it’s something well worth considering. Life insurance makes it so that your loved ones can pay the mortgage should you die unexpectedly. But, there are other things you can do to improve your and your loved ones’ financial security along with [...]
Many people think that life insurance is compulsory if you have a mortgage and a partner or dependents, but it isn’t. However, anyone with a mortgage and dependents or a partner would be very wise to consider getting life insurance. Statistically, nearly 5% of children lose a parent before they’ve finished with their full-time education. [...]
Life insurance is taken out on a specific individual and if that person dies while the policy is in effect, a lump sum of money is paid out to a designated beneficiary. If you take out a term life insurance policy on yourself or someone else, you pay monthly premiums for as long as you [...]
Health insurance and life insurance are two very different insurance products, even though they sound similar. Health insurance, also known as private medical insurance, covers the costs of private medical treatment outside the NHS system. Many people choose to buy health insurance because it allows them to access treatment for short-term illnesses and injuries more [...]
Graduates are facing student loan debt that is greater today than ever before, with graduates leaving school carrying an average of £13,000 in student loan debt. Additionally, many recent graduates have credit cards and overdrafts to their name. If the unthinkable happens, what could a graduate’s untimely death do to the finances of the surviving [...]
Everyone knows that smokers pay higher life insurance premiums than non-smokers do. But, how do insurers define whether someone is considered a smoker? If you quit six months ago can you call yourself a non-smoker? The standard insurance industry definition of a smoker is someone who has not smoked, used, or otherwise consumed any kind [...]
You can buy a life insurance policy for yourself if you are aged 18 or over. Whether you need to do so or not depends on several factors. If you’re single with no dependents, then you probably don’t need to take out a life insurance policy on yourself. If you have a partner and/or children, [...]
A new study by Swiss Re of 11,000 consumers across 12 European countries, including the UK, shows that hundreds of thousands of people across Europe may not have enough life insurance. For many people, perceived cost is a factor, despite low rates for many term life insurance policies. Almost half of respondents said they would [...]
