Archive for February, 2013
The benefits of over 50s life cover
The benefits of over 50s life cover When considering the most suitable form of life cover for you, it seems there is a myriad of different policies to sift through, with each providing their own benefits to suit specific situations. Over 50s life cover policies are designed to take into account your maturing years, as well as the existence of health issues. Over 50s life insurance differs from conventional term policies, in that, whilst over 50s cover extends until you die, term policies only payout if you die within a predetermined period. Let’s have a look at some of the other benefits of over 50s cover not offered by term insurance: Acceptance without a medical One of the primary benefits of an over 50s policy not offered by ot...Save your property and more with mortgage protection insurance
Save your property and more with mortgage protection insurance Taking out a mortgage in itself is a scary enough prospect. Many people are not able to buy their first property until they are in their thirties, with rising house prices and the tightening of lenders’ belts making it increasingly difficult to secure a mortgage. But what happens if one of the household’s breadwinners dies? Will it be possible to maintain the mortgage repayments? The above scenario is the precise purpose of mortgage protection insurance (MPI), to protect the remaining partner and ensure they can continue to live in the home. The premise behind mortgage protection insurance is simple. A premium is paid from the time the mortgage draws down. Over the years t...Life insurance versus mortgage protection cover
Life insurance versus mortgage protection cover When you reach the time of life when you are in a position to buy a home, no matter how unenthused by life insurance and mortgage protection cover you may be, these are both products you need to seriously consider purchasing. Both life insurance and mortgage protection cover provide peace of mind that, should you die, your loved ones will receive the financial protection they need. But which product is best? Mortgage protection insurance If tragedy were to strike and you were to die before the mortgage on your home were paid off, your partner could be burdened by these payments, without the benefit of your income. This is precisely why mortgage protection insurance was designed: to pay off...The value of having Income Protection Insurance
A recent survey conducted by leading insurers has shown the true value of income protection insurance, with more than half of workers admitting they wouldn’t be able to survive for more than three months on statutory sick pay alone. There are plenty of employers out there that run their own company sick pay schemes, which are typically far more generous than statutory sick pay packages. Such schemes will usually pay employees a full wage for a number of weeks as set out in the employment package, followed by a period of time on half pay. If workers are still unfit for work come the end of the scheme, they are then entitled to apply for state benefits. However, research carried out by a leading insurer suggests that for many indi...Switching Is Easy with Mortgage Protection
Switching Is Easy with Mortgage Protection SWITCHING IS EASY Switching is easy' Most people do not realise they are free to shop around for their own mortgage protection. If you want to save money then the good news is you can now switch your mortgage protection cover at any time – it’s your right and is the law. 1. When it comes to mortgage protection prices people are paying too muchAsk your lender for two pieces of information? What is the current amount of cover they need you to have on your policy? How many years are left on my loan? 2. You don’t have to meet with one of your lenders financial advisers to obtain this information. 3. Once you have the above information then get a Quote for a new policy from...