A life insurance policy is usually purchased with the intention of providing a financial safety net for your dependants should you die within the policy term. Your family can use the money to pay off debts, including mortgages, or as a regular income in order to maintain their current standard of living. There are different…
Is critical illness insurance necessary?
Critical illness insurance is designed to provide a financial safety net should you suffer a serious illness that results in you being unable to work. When it comes to deciding if this sort of policy is a good fit for your particular set of circumstances it is worthwhile spending a little time examining different types…
How to choose the best disability insurance?
Shopping for disability insurance can be a daunting task, especially if the only experience you have had of this type of insurance in the past is via an employer. However, although finding a suitable disability insurance plan is more complicated than purchasing say, home or vehicle insurance, it can be done. Start by calculating how…
Do you need critical illness insurance?
Critical illness insurance provides a tax free lump sum should you contract one of the specific illnesses listed in the terms and conditions of the policy. You can spend this money as you wish; some people use it to pay off their mortgage or other debts, some use the money to make any necessary alterations…
Is pet insurance worth having?
Many of us are pet owners and can appreciate the burgeoning cost of vet’s bills. Perhaps you have considered taking out insurance for your pet in the past, but are unsure as to whether it is really worth having? An unexpected veterinary bill can put a serious strain on your finances, but sometimes pet insurance…
How critical illness insurance works
Critical illness insurance is designed to offer a financial safety net should you become seriously ill. As long as you are up to date with your premiums you will receive a lump sum should you be diagnosed with a specified critical illness during the term of the policy. Most people who take out critical illness…
Bundle your insurance for discounts
Bundling is growing increasingly popular these days. Businesses are starting to offer a whole plethora of different services with the promise of saving you money should you take out more than one product with the same company. Of course, the insurance industry is no exception; but does it really pay to keep all your eggs…
Are you over-insured?
Many of us take out insurance in order to gain peace of mind that if the worst should happen we will be financially compensated. However, there is a common misconception that the more you pay for your insurance the better cover you receive. This isn’t actually the case; people pay for additional extras, or levels…
What is critical illness insurance?
Critical illness insurance is a type of long-term insurance policy that provides cover for a number of specific illnesses. If you were to contract one of these illnesses the policy will pay out, and you will receive a lump sum. It is entirely up to you how you spend this, although the majority of people…
How pre-existing conditions affect health insurance
The level of cover that you receive from your health insurance policy depends upon what level of cover you choose, and how much you are prepared to pay. A basic policy will cover the cost of the majority of in-patient treatments, including surgery and tests, and day-care surgery, whilst other, more expensive policies will pay…