Life Insurance News

aviva-life-insurance

In 2014, Aviva paid out over £513 million to its 14,805 customers claiming in on their life insurance, income protection and critical illness cover. According to the claims stats, 99% of life insurance claims, 93.2% of income protection claims and 93.2% of critical illness claims were paid. With regards to critical illness claims that no […]

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protection insurance

Remember the payment protection insurance (PPI) scandal? Seeing as there’s a chance you’ve been rung up about it at some point today, it’s going to be at the forefront of your imagination. One of the considerable side effects of the debacle is the way in which it has made people doubt other financial protection products […]

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save-life

  Quite simply, life insurance is an agreement between you and the insurer whereby the insurer will be pay out a cash sum should you pass away during the term of the policy. Life insurance, also known as life assurance or term assurance, aims to help protect your family financially in the event of your […]

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isurance

The main question: If you become seriously ill and can no longer work, would your dependants/family be able to financial support your current outgoings- mortgage and other bills? Whilst this is not a nice question, it’s still an important one as critical illness cover can help mitigate the unexpected. Pay-out If the pay-out is triggered, […]

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life-assurance

Generally there are two types of life insurance, namely, ‘whole of life’ and ‘term’ insurance. Term insurance basically provides you cover for the set period you have decided, this is typically between 10 to 25 years. In the event that you pass away in the covered period, then the insurance policy will pay out the […]

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money-saving

Income Protection: What is it? Income Protection protects individuals from a loss in income caused by extended periods of disability, sickness or unemployment. Some often think that state benefits will assist them in their time of need; however this benefit only provides the most basic level of support. To main your standard of living, income […]

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