Archive for April, 2013
How are life insurance premiums calculated?
When you’re quoted a price for your life insurance premiums, it’s reassuring to know a little about how your premiums are calculated. At the very least, it’s comforting to know that insurers aren’t simply plucking a price out of the sky. Life insurance premiums are calculated by individuals called actuaries, who are experts in risk management. The majority of actuaries work in the life insurance and pensions sectors, and use complicated mathematical techniques to measure the probability and risk of future and uncertain events. When calculating life insurance premiums, actuaries measure the risks of illness and death to calculate an appropriate premium. In calculating the premium, they also have to take into account how muc...Take an active approach to planning your pension
It is all too common for people to work all their lives, paying into their pension at the end of every month, only to reach retirement age and realise, to their surprise, that the total pot they have built up is not as much as they had expected. This is hardly surprising when you consider just how much can change during 40 years of work. The economic climate is constantly changing, as is the lifestyle you become accustomed to. With that said, it is essential you review your pension every couple of years to avoid any nasty surprises, and ensure your money is being invested in a pension plan which is well suited to your specific circumstances. Every couple of years, particularly as you draw closer to the age of retirement, you should ask y...Life Insurance for Women
Life Insurance for Women Life Insurance for Women: The new Gender directive on the 21st of December… Many may not know this, and this information may not interest a lot of people, however it is extremely important to understand it. We need to inform our customers and their spouses that the insurance industry with regards to car, life and income protection insurance is changing. The new EU directive coming into place at the end of December 2012 means that insurance policy terms that favour a gender will be coming into place. This is going to change the insurance game forever. Here’s a little break down of what this means… If you’re a woman it means you are not going to avail or be rewarded cheaper insurance for living lon...Life Insurance Galway – Testimonial
Life Insurance Galway - Testimonial As a 32 year old man I never really thought of life insurance until we added a little fellow to the family. I didn’t even know how the life insurance industry worked or what I needed to do to get it. I researched various companies on the internet and checked out the general meaning of life insurance but it was going straight over my head. I decided it was time to take action and look for financial advise. As do most people, I turned to the internet to find a life insurnace company in Galway. I found a company called Easylifecover.ie in the search results and I was pleased to say it was the best decision I had ever made. Eamonn from Easylifecover explained to me what policy I need and how much cove...8 reasons life insurance is essential
You’ve probably heard people talking about life insurance during some point of your life. Some people have probably had mixed reviews. I’ve personally heard quotes like “it’s a waste of money”, “it’s just another way for the financial industry to get more money out of our pockets”… the list could go on. EasylifeCover has decided to do a small post explaining 8 reason we think life insurance is essential, not only for you but your loved ones as well. So here's the: 8 reasons life insurance is essential 1. No one knows the future. On any given day it can be our time to pass in this life due to unexpected illnesses or even because of natural causes. By securing a decent life insurance policy you are making su...