Link To Us   |   Bookmark Us Member Login   |   Not a FREE member yet?  Sign Up Here!
Michael Challiner -'s Articles in Insurance Show All|Display Category|Title|Newest|Oldest Should Your Life Insurance Policy Be Written In Trust? According to one of the largest UK life insurance companies, just 1% of life policies are written in trust. That is disgraceful and reflects poorly on the financial industry. Let's explain. If your life insurance policy is “Written in Trust” then, in the event of a claim, the insurance company pays out directly to the beneficiaries you name on the policy. The significance of this is easily missed. It means that if the policy is “Written in Trust”, the proceeds fro... Are Your Home Insurance Premiums Constantly Rising? Last year the UK's average premium for Buildings Insurance increased by 1% to just over £205 and the average for Contents Insurance rose to £151, up 2%. But within the market we've seen some much bigger rises – if you're with Norwich Union you'll have seen your premium rise by around 6%. So what's going on? Every year we see premiums rising. Surely with so much competition in the home insurance market, you wouldn't expect to see such inexorable rises in premiums? Let'... Tell The Insurers Everything When You Apply For Life And Critical Illness Insurance. The failure to disclose information, especially medical information, is the most common reason why an insurer will reject a claim on a life or critical illness policy. To help underline some issues, we want to tell you a true story - but we've concealed the policyholders' name and a few other aspects to preserve anonymity. Mrs A was fighting a secondary infection following surgery to remove cancerous lymph nodes in her groin when she received further bad news. Her critica... Keyman Insurance – A Business Essential If you own your own business, you'll have insurance in place for your buildings, stock and vehicles, and you will be likely to have public liability insurance. You may also be insured for professional indemnity and legal costs – but have you considered insuring your most important assets – your key staff? In the UK there are 3.9 million small, often family, businesses with up to four employees – if one of those key staff were to die or fall seriously ill, it could mean th... Payment Protection Insurance – Is It Worthwhile? The Financial Services Authority (FSA) has been looking into the issue of Payment Protection Insurance (PPI) and the way that it is sold to people taking out loans in the UK. The list includes many of the UK's biggest banks and building societies, and it is single-handedly earning lenders over £1 billion a year. The point of PPI is that if a loan borrower becomes unemployed or unable to work though accident or illness, the loan provider will cover their payments until the... Mortgage Protection Insurance – The Essentials It's tempting to sit back and relax once you've moved into your new home – but hang on, have you made sure that you're insured against all the risks that could stop you from paying your mortgage? Many things could go wrong and make it impossible for you to work, and in this article we go through each risk, and assess how important it is that you take that into account. If you are responsible for a family, then it is particularly important that you take heed of the following f... Life Insurance – 66% Of Applicants Face Loaded Premiums If you're lucky, you'll get a life insurance quotation that you are happy with, progress to application, and get yourself insured within 48 hours at the original price quoted. Unfortunately this isn't the case for 66% of applicants - who face delays and loaded premiums. So why is this happening? Well, life insurance companies provide quotes based on the ‘perfect person' – which basically means you must be 45 or under and in excellent health, have no hereditary illness in ... Health Insurance – Not As Straightforward As It Would Seem Most of the seven million people covered by health insurance in the UK have a policy provided by their company. As such it is a useful benefit, but many of us assume that it will cover any kind of health issue and this is definitely not the case. The insurers exclude a wide variety of possible claims, and this article will explain those in detail. Health insurance has a very specific purpose – to get people suffering from short-term, curable health problems straight throu... Life Insurers Use The Body Mass Index To Tighten The Belt On Fat People Overweight people are in the firing line again. Life insurance companies are increasing premiums up to four fold for fat people. They've always charged more for those of us who over-eat, but during the last year the penalties have got worse. In moves to tighten the belts further, the life insurers are lowering the weight limits they use to categorise people. This tougher move means that those who are merely overweight and would have previously qualified for a standard pre... Proposed Changes Could Result In Lower Car Insurance Premiums At the moment, the legal system in Britain forces all personal injury claims to go through the courts and be judged on an individual basis. Many of these claims crawl through the courts at a leisurely pace, the result being expensive court costs. Even worse, for every �0„51 that is paid out in compensation, it has been estimated that the legal profession receives 40p for their legal work. This amounts to the British legal profession receiving an estimated �0„52 billion a year... Life Insurance – Why Does The UK Have A £2.3 Trillion Protection Gap? According to Swiss Re, one of the world's largest re-insurance companies, less than half of the UK population has any form of life insurance protection. They then go on to put a figure on the value of this protection gap. Using an average income of £20,000 and assuming that the value of protection needed ranges between 5 and 10 times income, they put a value on the protection gap at £2.3 trillion. But in all probability, whilst the gap is huge, £2.3 trillion is likely to ... Critical Illness Insurance – The Press Are Giving Insurers A Hard Time. Recent stories in the press have again lambasted the insurers over critical illness insurance. The core problem is that a critical illness claim is not as straightforward as, for example, a claim under life insurance. With life insurance it's going to be hard for the insurance company to argue that you're not dead! By their very nature, critical illness claims are much more complicated. The insurer will need to satisfy itself that the claim is validated in three key areas... Big Changes On The Horizon For Critical Illness Insurance. In recent years sales of critical illness insurance have flagged. The primary cause is the huge 70% increase in premiums experienced during recent years. For many, critical illness insurance has simply priced itself out of the market. It's not that critical illness insurance is a bad idea. After all it pays out a lump sum if the policyholder is diagnosed with one of the many critical illnesses listed on the policy and the policyholder survives at least 28 days from diagno...	Authors Sign Up for a free account. Submit your articles. Publishers Category RSS feeds. Resources Accredited Home Schools Article Directory More Resources

Copyright © ArticleJoe.com All Rights Reserved.
Use of our service is protected by our Privacy Policy and Terms of Service
100% Free Article Submission And Distribution