According to the Association of British Insurers, often shortened to ABI, the insurance industry handles over 1.5 trillion pounds worth of assets. That was calculated based on data from 2016, so that value may be higher now. Many of those assets come from life cover, which is also known as life insurance. Life cover is a type of insurance that pays out upon the death of its holder. This is only a simplified definition, though. …
When you’re looking into life insurance options, you may need to consider critical illness cover (otherwise known as a dread disease policy). Not all forms of life insurance cater to this need for the policyholder, so you have to dig deep and find something that works for you. But what counts as a critical illness? Do you have to worry about this at all? You need to know ahead of time so you can pick the …
One in four breadwinners in the UK doesn’t have any form of life insurance! This equates to more than 60 per cent of UK adults, which is a worrying statistic. But what if you have general insurance, isn’t it the same thing? On the contrary, there is a significant difference between life and general insurance. Understanding this difference can help you make a decision about which type of insurance you need the most, and whether …
This Is the Difference Between Life Insurance and General Insurance Read More »
If you are considering buying life insurance, you need to assess your financial situation. It’s one of the most important factors before choosing life insurance. It can determine what you will leave behind for your loved ones. It can determine what kind of life insurance you need for your family. If you’re still on the fence about the benefits of life insurance, this article is perfect for you. You’ll discover what kind of benefits there …
These Are the Impressive Benefits of Life Insurance Read More »
Did you know that more than two-thirds of adults in the UK have no life insurance? That number is quite large and disturbing, considering the importance of insurance in today’s world. What is stopping people from buying life coverage? Is it the high cost? Or is it a lack of information? There’s no doubt that insurance policies are complicated for the uninformed. Nevertheless, one should understand the rules of the coverage to avoid making costly mistakes. …
8 Common Mistakes with Life Insurance and How to Avoid Them Read More »
