Cheapest UK Life Insurance by Ken Barnes
Most companies will claim that they’re the one with the cheapest UK life insurance rates. While this claim may or may not be true, one thing is certain. Selling life insurance is extremely competitive. Thousands of companies and independent sales agents are working hard to attract your attention. ... The money from your life insurance policy can then be used by the beneficiary as he or she determines is best. ... No one likes to think about his or her mortality but that’s just what purchasing life insurance forces you to do.

Life Insurance. How The New Regulations Affect Policies Written In Trust by Michael Challiner
In his spring Budget the Chancellor Gordon Brown announced swinging measures to tackle the use of Trusts being used to avoid Inheritance Tax. The immediate reaction amongst the financial and legal fraternity amounted to panic and confusion. Within ten days of the budget speech the estimates of... New life insurance policies written in trust will now be caught by a tax charge if the policy's payout makes the deceased's estate exceed the Inheritance Tax Threshold (IHT) of £285,000 and the policy is written in a type of trust known as an “interest-in-possession” trust.

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. ... Pricing Pricing for mortgage protection life insurance policies parallels that of traditional life insurance price criteria. ... This type of insurance often comes in the form of a term life policy which is for an amount which exceeds the price of your home.

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. ... Also, looking back over the period when you have been paying for the endowment, some of the payments have been used to pay a life insurance. ... One important point to remember is that part of your endowment payments have included a payment for life 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...

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... Paid-Up Insurance A life insurance policy where all premiums have already been paid, with no further premium payment due. ... Nonforfeiture Options A provision in the policy that allows the policy holder to choose how the cash value of the policy will be used if the policy is surrendered or...

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... Convertible Term Assurance - A term insurance policy which gives you the option to convert your current policy to a whole-life or endowment insurance policy, without having to take further medical examinations.

Is Critical Illness Insurance Really Necessary? by Victoria Slotover
Do you think that Critical Illness Insurance is not really necessary because you do not believe that you will ever need it? Although most people do not like to consider the possibility that it will happen to them, the chances of developing a serious illness are high enough to make it important... So given the usefulness of Critical Illness Insurance and the likelihood of developing a serious illness at some time, why do so many people opt not to take out Critical Illness Insurance cover? ... If you have Critical Illness Insurance cover and you are diagnosed with a serious illness you will...

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... Convertible Term Assurance - A term insurance policy which gives you the option to convert your current policy to a whole-life or endowment insurance policy, without having to take further medical examinations.

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... Of course when it comes to choosing a critical illness insurance policy it is important to shop around. ... In other words, policy holders can spend their critical illness insurance money on medical care, everyday living expenses or even paying off their mortgage.