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Are You Ready To Risk Their Future?

Are You Ready To Risk Their Future?

Life Insurance Isn’t For You. It’s For Those You Leave Behind. There’s “still plenty of time” to think about protecting your family’s future. Until it’s too late. Consider these grim statistics: Around 1,500 people die in Britain every day, and nearly half of those deaths are unexpected. One in every 20 British children loses a parent before they’re finished with school. Almost ten million UK households have a mortgage, but about 40% have no life insurance protection for the debt. Life insurance can be a godsend for those suffer tragedies like these. Sadly, those whose head of household figured there’s “still plenty of time” to worry about insurance may face an uncertain future: loss of their family income, loss of their schooling, loss of their home. Most decisions in life can safely be delayed. Purchasing a life insurance policy cannot. Once you have loved ones depending on you, it’s impossible to know if there’s “still plenty of time.” Are you covered? If not, here are five reasons why it’s crucial to act now. Or simply go and fill in our short form to get a free no obligation life insurance quote. 1. Income replacement: Even in today’s difficult economy, approximately 25% of all British families with children – more than 1.5 million – have just one earner. In many more, the second earner contributes just a small portion of the family income. If you’re the sole or major earner in your family, what would happen to those left behind if the worst should occur? Perhaps your spouse or partner could take a full-time job – but that still leaves important...
Why Life Insurance Is the First Thing You Should Be Spending Your Money On

Why Life Insurance Is the First Thing You Should Be Spending Your Money On

The topic of the day is life insurance. If you have people depending on you, getting life insurance has almost certainly crossed your mind. You have a responsibility to make ends meet for your family, and life insurance is a surefire financial safety net for them if something were to happen to you. You probably don’t actually have life insurance, though. We say that because 3 out of 4 adults in the UK have never taken out a life insurance policy. If you haven’t, it’s not the end of the world – after all, at this moment, you’re probably making ends meet just fine. But realistically, if you want to guarantee long-term financial security for your family no matter what happens to you, life insurance is an absolute must to have. This is your guide to understanding why life insurance is so essential – and why, behind food and rent, it should be one of the first things (if not the first thing) that you spend your money on. Those who are responsible for others, please read on or fill in our short form to get a free no obligation life insurance quote now. Hard stats about life insurance It’s not as expensive as you think – you can often get adequate coverage for £10 – £30 per month (or even less) It’s based on a yearly income – for example, many plans pay out 10x – 12x your yearly salary Yes, your family actually gets paid – in 2014, UK life insurance providers paid out 98.5% of all claims Tons of people shy away from getting policies because they have...

Facts about life insurance

Life insurance is an important part of British lives, so much so, that only a third of UK households do not have life insurance cover. Additionally, a second third did not update their cover, which may result in them being under-insured. Nevertheless, a full third of all UK households keep their life insurance up to date. The statistics show half a million recorded deaths in the UK annually, with a fifth of those being premature. As such the importance of life assurance becomes evident. It is also very interesting to note that men are more likely to take out a life insurance policy than women. This is explained by the fact that men are still the main breadwinners in most UK households. However, interestingly, 46% of women say they are today the main earner. Despite this, women proportionally speaking, are still less likely to have life insurance. Additionally it is staggering to note that only fifteen percent of all claims were based on actual death cases. This indicates that the original intention of death cover assurance is not viable as the main selling point, with accidents and critical illness covers being the market leaders. In the US, more than half of all Americans have some kind of life insurance cover. The potential of all life insurance benefits reaches the mark of twenty trillion US Dollars. In 2007 alone $58 billion got paid out to beneficiaries. Life insurance fraud has become a common occurrence in UK courts, with memorable cases where people faked their own death in order to start a new life somewhere else. While it is not that...

Is life insurance for everybody?

A fast-paced life, such as it is practiced nowadays, often does not permit even as little time as it would be necessary to properly consider the future and plan in advance. Younger people barely get the sense of their own mortality; they are thrown in the mills of workmanship, toiling like everybody else, trying to make a proper living and not really glancing towards the not so distant future. At some point, though, everybody is faced with the worrisome aspects of life, where the financial security of the days to come provide an additional point that needs to be taken care of, with passing days increasing exponentially. People are different, there are different needs that need to be met and requirements may change, but at some point, life insurance seems to become an inevitable part of planning for the future. Most people face such a decision, in regards to life insurance, when they actually need one, like in case when they are purchasing a home and the mortgage requires it. Sometimes the life insurance is as short as a plane ride, taken out shortly before a flight out of fear of flying. Some other people enter life insurances because they have opened a high-risk business venture and an accidental death of one of the partners would be devastating in more ways than one. No matter what the reason, a life insurance will meet us on our way through life and knowing about it, if not considering it seriously, is as inevitable as passing time. The need may vary, the intentions of individuals will always be different, but no matter...

Life insurance – a historic document

A life insurance policy is very often a document that will endure the passage of a substantial amount of time. People take out insurances that will benefit their loved ones sometimes decades in advance, but such precautionary measures and the idea behind making provisions for the future, even for a future generation, is not a new one. People have always been concerned about the time after their passing and what will happen with the people they care about, once they are gone. Long before you policy becomes a truly historic document, the documents of the past speak about life insurance origins and how this particular kind of product came to be. Archeologists were able to track down historical proof of the existence of insurances back to times of ancient China and Babylon, up to two thousand years B.C. Traders, who not only travelled a lot, but also were known as wealthy people and therewith potential targets, started with insurance funds to make sure the losses suffered by such an unfortunate event would not ruin the complete business. The actual life insurance variant could be traced back to ancient Rome. The Romans, which can be blamed for many useful and less useful inventions, also invented funds for members of the so-called “burial clubs”. People who were members had their burial costs covered and the surviving members of the family were assisted by the members of the club financially. Despite some incidental occurrences of similar insurances over years, including the Tontines in France, the real life insurance did not get invented until the 17th Century England, where Lloyd’s Coffee House as...

What are the benefits of life insurance?

It seems that the internet is full with life insurance offers and quotes. If you search for life insurance, you get almost a billion hits. Eight hundred and thirty million, to be exact, but at first glance, all you see is quotes, quotes and more quotes. You’ve probably come across our own website because you are looking for a quote. But why do you need the life insurance and what are the benefits? Generally speaking, life insurance was originally intended to provide funding for funeral costs and to help the surviving loved ones bridge the financial gap that the untimely demise of the insured person incurred. While this may seem macabre and cold, it did and does reflect a real problem and provides a solution. Unfortunately there are many situations where a working parent passes away at a relatively young age and the family is suddenly left without any income and with funeral costs to bear. A life insurance policy provides them funds for the funeral costs and most of the time there is plenty of money left over for the rest of the family to cope with the financial repercussions of such a disaster. But nowadays life insurance can be much more than just the aforementioned. For instance, people use the life insurance policy as collateral in a mortgage situation, where, in case the person that took out the mortgage dies, the life insurance policy covers the remaining debt, so the survivors do not have to leave their home. Additionally, there is also a life insurance version, where the policy holder does not have to die before the...