Life Insurance Information by John Mussi
Life insurance is a personal insurance plan designed to pay out a sum of money on the death of the policyholder. Life Insurance is an insurance that is taken out against a persons life. It will pay out either a lump sum or monthly contributions to the “trustee” or next of kin in the event of the... The types of life insurance available include: Mortgage Life Insurance Designed to pay off your mortgage in the event of your death, or the death of your partner. ... Which life insurance company you choose can also have an impact on the level of premium required as different life insurance...

Life Insurance, the Universe, and Everything by Rachel Lane
You may have noticed that life insurance is coming back into fashion. It’s true that it may not be the financial term on everybody’s lips, but sales of life insurance have been going up, according to the Association of British Insurers. Whilst we may not be saving the volume of funds that the... If you’re considering term life insurance, bear in mind there are multiple variations encompassing increasing term insurance, increasable term insurance, decreasing term insurance, renewable term insurance, convertible term insurance, family income benefit insurance and pension linked term insurance.

Insurance or Assurance - Do You Need Reassurance? by Rachel Lane
Insurance versus assurance: what is the difference? Should you care? Yes!! The world of finance is extremely complicated and there are many factors to consider when choosing any financial protection product. When looking for a policy you need to know what you are looking for and what is on offer... Richard Brown, Chief Executive of Moneynet.co.uk, clarified the situation by stating, “most life insurance companies offer a wide range of insurance and investment services – for example pension, investment funds, investment bonds, car insurance, home & contents insurance, life assurance, and...

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.

Life Insurance Without Life Value: Why Young People Are Snubbing Financial Advice by Rachel Lane
This article is written by a 27 year old female (borderline Generation X / Y) called Rachel. Rachel spent six years at university, has no outstanding debts with the exception of government student loans. Rachel also has no pension plan, no life insurance, savings or property investment. ... Resources: Google and the search command “define: generation X” or define: generation y” for age reference Life Insurance Information The source of inspiration for this article! ... It’s too easy to brand young people as apathetic just because they haven’t got pensions or life insurance.

Are You Suffering from Payment Protection Overload? by Rachel Lane
Critical illness insurance: Critical illness insurance will cover you in the event of a serious illness such as cancer, coronary artery by-pass surgery, heart attack, kidney failure, major organ transplant, multiple sclerosis and stroke. Additional conditions covered by this insurance can... Mortgage life insurance: Mortgage life insurance is essentially the same as a decreasing (lump-sum) term life insurance policy and is designed to pay out a lump sum upon the death of the policy holder, should it occur during the term of the mortgage.

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... Furthermore, when applying for critical illness insurance, do ensure that you provide all the necessary information. ... Critical illness insurance also gives them peace of mind that they will still be able to take care of their dependents if they become too ill to work.

Life Insurance and the Law - A Layman's Introduction by Michael Challiner
There are no laws in the UK that require a person to have life insurance. It’s an entirely voluntary insurance. About 40% of the UK's working population are covered by life insurance either through their own policy or via an arrangement through their employer. ... This is particularly important within the life insurance industry as the companies store significant amounts of very personal information about you – including your age, health record and life style. ... You have to be a UK resident in order to buy a life insurance policy from a UK based insurance company.

Know Your Own Worth: A Practical Insight Into Covering Up by Rachel Lane
Almost anything can be insured these days: breasts, legs, your goldfish, your mental health, physical health, your own life, your child’s life. You can insure against the bad weather, good weather, political events…. This week in Scotland, triathlon competitors were insured for £1 million in... In terms of personal insurance, there are eight general areas of insurance in which the consumer should be interested: * Buildings insurance * Contents insurance * Life insurance or life assurance * Health insurance * Family legal protection * Pet insurance * Travel insurance * Car insurance...

Guide to Life Insurance Terms by John Mussi
Listed below is a useful guide to life insurance terms. It is a list of definitions of life insurance terms that may or may not be familiar to you. Accelerated Benefit Provision A provision in many new policies which will allow the policy owner to receive a portion of the death benefit early if... Evidence of Insurability Medical and other information about a person applying for insurance that the life insurance company keeps confidential, but uses to decide whether the policy can be issued and what premiums will be charged.