Is Life Insurance worth it?

It is a fact that the purpose of having life insurance is to protect both your family and your assets in the event of your death. Whilst this is not a pleasant subject to broach, the question of life insurance and whether or not it’s worth it one that is bound to cross your mind at one time or another. Although getting set up with a policy might seem like a complicated process, in fact after the first steps life insurance is simple and could prove invaluable in the future. Read more…

How much life cover do I need?

Taking out life insurance can often seem like a complicated process, and many people avoid buying financial protection at all simply because getting a policy seems like too much hard work. However, life insurance is vital if you want to protect your family in the event of your untimely death, and one way in which you can keep costs down and ensure your family’s safety is by understanding just how much cover you need. Read more…

A Guide to Over 50s Life Insurance

Whatever your age, taking out life insurance should be considered to ensure that those you love are provided with financial aid when you die. This money can go towards helping pay mortgage costs so that your family aren’t left severely struggling to make ends meet, or can be put towards funeral expenses so that you don’t have to burden loved ones with money worries at a time of emotional distress. Though life insurance for those over 50 years old used to be difficult to find, many companies now offer wide ranging and competitive policies, such as Standard Life’s very own Over 50s Life Insurance. Read more…

What Does Life Insurance Cover?

No one likes to think about dying, but it’s important to be prepared for the possibility, particularly for people with a family to provide for. Life insurance is an important part of these preparations. There are several different types of life insurance, but all of them share important characteristics.

The basic principle of life insurance is simple: when you take out a life insurance policy, you pay a monthly sum to your insurer. In the event of your death, the insurer pays an agreed-upon amount of money to an individual named in the insurance policy, usually your spouse or next of kin. Read more…

Standard Life Life Insurance UK

Standard Life Life InsuranceUnpleasant as it may be to think about dying, each of us needs to take the necessary stops to protect our families and loved ones in the event of our deaths. Life insurance is a vital part of making sure that the death of an earner doesn’t lead to a family losing its home or financial security.

Within the category of life insurance, there are a wide range of different types of cover. Buyers who have never purchased insurance before may find the jargon confusing, but most of the terms are actually relatively simple. Insurance providers such as Standard Life will offer a range of different insurance types in order to meet the needs of a wide range of clients. Read more…

Aviva Life Insurance UK

Aviva Life InsuranceLife insurance is seen as modern necessity, especially if you have loved ones and family who would be financially affected if you died. Aviva offers a wide variety of life insurance plans to suit all needs, and whether you’re looking for financial protection to cover your mortgage or need specialist insurance because you’re aged over 50, Aviva will have a policy for your requirements.

Life insurance can sometimes be a little confusing and you may not have taken out a policy before simply because you didn’t understand how life protection works. At Aviva there are two main forms of life insurance models; those of level life and decreasing life insurance. Level life insurance is one of the best options if you want to ensure that, no matter when you die during a policy’s term, the amount of money that is paid out stays the same. The duration of the policy is up to you, and you can choose how much cover you want up to £500,000. Decreasing life insurance is the alternative, and whilst both the policy’s term and how much cover you want are still both up to you, the sum of the payout gradually decreases throughout the period that the policy lasts for. This form of life insurance is ideal if you want to only protect your mortgage costs, and the decreasing payout sum will broadly fall in line with the outstanding balance of your home loan. Read more…