Life Insurance: Why There's No Need to be a Desperate Housewife by Rachel Lane
Life insurance looks set to make a comeback in the UK, after a period of neglect by consumers who were simply occupied with affording a home. The stabilising of the UK house market has made many consumers take a broader view to their personal finances. ... LifeSearch (a life insurance broker), in the September issue of Money Observer, highlighted a few common mistakes people make when buying life insurance: * Believing life insurance is relevant to everyone Life insurance is only relevant to people who have financial dependents.

Car and Home Insurance Northern Ireland by George McGonigal
Don’t skimp on insurance. This probably doesn’t sound like a way to save money. But keep in mind the purpose of insurance is to transfer to an insurance company the financial risk you can’t afford to carry yourself. Without formal insurance, you are de facto self-insuring - meaning you’ll pay... For example, many renters don’t own renter’s insurance, which covers the loss of their personal property (no, the landlord’s insurance doesn’t cover it). ... You’ll probably need life insurance, but not necessarily.

Don't Underestimate the Importance of Critical Illness Insurance by Victoria Slotover
When a group of people were questioned in a recent survey about how important they thought it was to have critical illness insurance, a significant proportion said they thought it was unnecessary. When pushed further they explained that they thought it was unlikely that they would become... As the majority of critical illness insurance products cover common illnesses and given the statistical probability that you will critically ill at some point, it is a good thing to have. ... Critical illness insurance also gives them peace of mind that they will still be able to take care of their...

Understanding Payment Protection Insurance by John Mussi
The Payment Protection Insurance is often included in the loan so that the borrower will have cover for those unexpected situations in which the borrower is not able to meet his monthly loan payments. Many lending companies include the Payment Protection Insurance (PPI) as an integral part of... The Nature of Payment Protection Insurance The Payment Protection Insurance is a cover for the borrower so that he can maintain his monthly loan payments even when he is unable to do so. ... But before the Payment Protection Insurance is thrown out of the window, an individual should have a clear...

Income Protection Or Permanent Health Insurance (PHI) for U.K Residents by Jack Cardenas-Storey
WHAT IS INCOME PROTECTION INSURANCE? Income Protection insurance is designed to replace most of your income if you become injured or ill and cannot work. While all personal insurance is important, Income Protection is a particularly significant part of your financial well-being as your ability... Accident, sickness and unemployment cover Accident, sickness and unemployment insurance typically provides benefit for a limited period. ... For example, 'own occupation' cover is likely to be more expensive than 'any occupation' cover.

Endowment Policy Misselling - How Much Compensation Could I Receive by Keith Lunt
Many homeowners took out endowment policies expecting them to pay off their mortgages but have recently been alarmed to discover that this will not be the case. Your endowment could be thousands of pounds off target with no way of you finding this extra cash. ... One important point to remember is that part of your endowment payments have included a payment for life insurance. ... From this they will make an allowance to account for the life insurance aspect. ... Also, looking back over the period when you have been paying for the endowment, some of the payments have been used to pay a...

Insurance Glossary by Darren Yates
Assured - Those insured under the terms of an insurance policy. Benefit - The money paid to the policyholder when a claim is made. Bid Price - The selling price or cash-in value of your unit holdings. Bonus - Relates to a with-profits policy. The amount of money added to the benefit payable... Whole Life Insurance - Whole life insurance provides a death benefit for the policyholder as it builds up cash value. ... Generally refers to policies that offer protection and saving such as endowment insurance, whole life insurance and investment bonds.

Insurance Glossary of Terms by Ken Barnes
Assured - Those insured under the terms of an insurance policy. Benefit - The money paid to the policyholder when a claim is made. Bid Price - The selling price or cash-in value of your unit holdings. Bonus - Relates to a with-profits policy. The amount of money added to the benefit payable... Whole Life Insurance - Whole life insurance provides a death benefit for the policyholder as it builds up cash value. ... Generally refers to policies that offer protection and saving such as endowment insurance, whole life insurance and investment bonds.

Choosing Buy-To-Let Property Insurance by Don Suter
Risk is an area often overlooked by landlords, but failing to protect the main assets of your business, which often have borrowings secured against them could lead to ruin. Landlords often fail to understand the types of insurance risks that they are exposed to and are unaware that insurance... Essentially there are five broad categories of landlords insurance: -- Landlords buildings insurance -- Landlords contents insurance -- Emergency assistance -- Legal expenses insurance -- Rent guarantee insurance Landlords buildings insurance These are the core policies and will generally...

Five Tips to Slash Your Home Finance Costs by Rhiannon Williamson
It’s no wonder that the majority of homeowners dream of one day being able to pay off their home loan and live a life free from the shackles of interest rates, home finance and worries about meeting the monthly mortgage payments because the largest expense the majority of us take on in a... Step Four – Cut Out All Extras Mortgage lenders are notorious for selling overpriced add-ons such as life insurance, home insurance, contents insurance, income protection cover…all these insurances have their value of course – but you can bet your bottom dollar that you can every last one of them for...