Archive for June, 2013
Income protection for business owners
Income protection for business owners Small business owners do not think twice when it comes to insuring premises, employees or equipment, but when their own income is at stake, 90 per cent are completely unprotected. If the worst should happen, the consequences of not having income protection insurance in place can be dire. Typically, business owners will have a mortgage to repay along with living costs and day-to-day expenses. These are costs that can escalate without income protection insurance in place and quickly become unmanageable. According to recent research, the likelihood of becoming critically ill before the age of 70 is 59 per cent for men and 42 per cent for women. With the threat of heart attacks, cancer and strokes ever-p...Competition causes mortgage protection prices to fall
Competition causes mortgage protection prices to fall The cost of mortgage protection has fallen in recent months as a result of fierce competition from insurers. Some prices have fallen by as much as half. The combination of ongoing improvements in medical care and continued competition between insurers has resulted in a reduction in the cost of mortgage protection insurance cover, with the price of some policies down by as much as half. Part of the reason for the decline in the cost of cover are advances in medical science, which are keeping people alive for longer and saving insurers from paying out so frequently. However, the primary reason is competition from insurers which is driving prices down. Mortgage protection insuran...Did everyone appreciate Father’s Day?
Happy Father's Day Infographic. We hope everyone appreciated Father's Day if you didn't you really need to check out these statistics conducted by Irishlife.ie. Irishlife had this to say - "This Sunday is Father’s Day. Now on Mother’s Day I’m expected to have a nice card and maybe some chocolates or perfume on hand (which I pretend my children have bought). I’ve no problem with that – Mums are special. However, Father’s Day seems to be a non-event in our house. I could be waiting long time for any sign of appreciation. To be honest I’d even settle for a pair of socks at this stage. We did a survey of attitudes recently and it seems I’m not alone – only 1 in 3 Dads say their kids appreciate them, while less than...Life without income protection insurance
Life without income protection insurance Without income protection insurance, if you become seriously ill the impact can stretch further than your health alone. What are the potential consequences? For many people who become seriously ill, without income protection insurance in place there is a possible impact on their lives beyond their health. Being unable to work due to ill-health can damage your financial security and detrimentally affect your standard of living. Income protection insurance can help you to maintain your standard of living following an accident or illness which prevents you from receiving your regular income. For many people, particularly in the present economic climate when savings are dwindling, even just a couple...Critical illness cover explained…
Critical illness cover is an insurance product which pays out a cash lump sum if the policyholder is diagnosed with one of a number of listed critical illnesses. The list of illnesses covered by critical illness cover can differ, but typically cover is provided against certain forms of cancer, a heart attack or stroke, multiple sclerosis or the loss of limbs. The illnesses covered by critical illness policies often vary between insurers, so it is essential you look carefully at the cover provided by each before you make a decision. Carefully check the policy documentation and be aware that pre-existing conditions tend to be excluded from the policy, although some insurers will base the cover they provide on your personal medical history....