Articles by Jason Haines on ArticleSnatch.com

The Workplace is Not as Safe as You Might Think

Sun, 12 Jul 2009 00:00:00 -0400

There are many types of life insurance available on the market these days and one of the least known about is a policy called family income benefit. This type of life cover pays out a regular annual income as opposed to a one off lumps provided by such policies as term insurance and critical illness cover. New figures have revealed the number of people killed at work in companies in the north-east of England, highlighting the importance of consumers protecting themselves with life insurance. The provisional figures released by the Health and Safety Executive (HSE) have shown that there were nine fatal injuries reported in the region in 2008/09, up from seven in the previous year. However, according to HSE's head of operations in the north-east Pam Waldron, simple and sensible precautions could have prevented the deaths. "The fact that nine people failed to come home from work in the north-east last year because of avoidable safety failings is a terrible tragedy," he said. "There are families throughout the region who have been cruelly robbed of a loved one in incidents that in many cases were entirely preventable," he stated, adding that safety should be put first. **End Summary** Topics: Life insurance quote]]> term life insurance]]>]]> About the Author: ]]> Jason Haines is a protection and mortgage advisor at godirect.co.uk, one of the UK's most trusted information site about personal finance. They offer one of the best life insurance quote system on the web and you can get quotes for cheap term life insurance , critical illness and income protection.

If Your Employer is Not Prepared Should You Be?

Thu, 09 Jul 2009 00:00:00 -0400

People in employment may want to cover themselves against possible redundancy and loss of income following revelations that a good percentage of their employers risk succumbing to the recession due to the way they operate. Research from Scottish Widows has revealed that many businesses in the UK are not doing enough to shield themselves from the unexpected, which underscores the need for people to put in place their own protection mechanisms. Such mechanisms include taking out products such as income protection insurance or accident sickness and unemployment cover, which can come in handy should a person lose their source of income in the event of a company going into administration. According to the research, despite the fact that three in five UK businesses admit that they would not be able to survive if they were to lose a key employee, four in five (81 per cent) depend on such important persons. More worryingly, 67 per cent of businesses do not have any key employee insured with life cover or critical illness protection, which could leave them badly exposed if the person was to be taken ill or die. **End Summary** Topics: Income protection cover]]> Income protection quotes]]>]]> About the Author: ]]> Jason Haines is a protection and mortgage advisor at godirect.co.uk, one of the UK's most trusted information site about personal finance. The have details on the latest income protection cover and offer free independent income protection quotes with their new interactive quote system.

Dad's Cost More to Replace Than You Think - Life Insurance Need Not be!

Thu, 09 Jul 2009 00:00:00 -0400

There are many types of life insurance available on the market these days and one of the least known about is a policy called family income benefit. This type of life cover pays out a regular annual income as opposed to a one off lumps provided by such policies as term insurance and critical illness cover. Recent news suggest that families in the UK should consider whether the financial contribution made by fathers is satisfactorily protected with life insurance as the dust settles on Father's Day, which was marked last weekend. Writing in Scotland on Sunday, Teresa Hunter highlighted the vital role fathers are increasingly playing in the home as parental responsibility becomes a team effort. The loss of a dad could have grave financial consequences for a family, especially since one third of fathers do not have life insurance, according to recent research by Legal & General. Concurrently, only one third of fathers have critical illness insurance, while only one in four (27 per cent) have income protection cover. **End Summary** Topics: Life insurance quote]]> term life insurance]]>]]> About the Author: ]]> Jason Haines is a protection and mortgage advisor at godirect.co.uk, one of the UK's most trusted information site about personal finance. They offer one of the best life insurance quote system on the web and you can get quotes for cheap term life insurance , critical illness and income protection.

Family Income Benefit - Have You Got Enough Life Cover?

Wed, 01 Jul 2009 00:00:00 -0400

Family income benefit is a form of term life insurance that pays out a regular monthly tax free income instead of a lump sum. This type of cover allows parents to adequately provide an income to replace their own if they were to die within the policies term. Family income benefit is particularly attractive to parents who like to know their families have a regular monthly income rather than having to worry about complex investments to make the most of a lump sum payout. New figures have shown that more than 1.5 million parents in the UK have not given any thought to how their dependants would coupe financially if they were to die prematurely and an even larger number have no provision in place for this eventuality. Insurance company Bright Grey is warning that millions of children in Britain could be left in financial ruin because more than seven million British parents have no adequate financial cover such as income protection insurance or family income benefit insurance. **End Summary** Topics: Family income benefit]]> Life insurance policy]]>]]> About the Author: ]]> Jason Haines is a protection and mortgage advisor at godirect.co.uk, one of the UK's most trusted information site about personal finance. Here you can find details on the best mortgage deals and information on family income benefit insurance and life insurance policy quotes.

Public Sector Workers Should Consider Unemployment Cover

Wed, 01 Jul 2009 00:00:00 -0400

Public sector workers without redundancy fall-back plans such as unemployment cover or income protection insurance may want to consider putting in place such measures because of impending budget cuts. Civil service jobs may be under threat following chancellor of the exchequer Alistair Darling's refusal to confirm or deny whether the government would target the public sector in a bid to reduce spending last night. Speaking to a City audience at the annual Mansion House dinner, the chancellor avoided giving any guarantees against future cuts despite the fact that prime minister Gordon Brown has been accusing the Conservatives of considering cuts. With the government unable to give any spending guarantees beyond 2011, now more than ever is it vital for civil service workers to start thinking about protecting their financial future. Depending on the level of cover and terms of the agreement, products such as unemployment cover can come in handy by providing a source of income until a new job comes along. **End Summary** Topics: Income protection cover]]> Income protection quotes]]>]]> About the Author: ]]> Jason Haines is a protection and mortgage advisor at godirect.co.uk, one of the UK's most trusted information site about personal finance. The have details on the latest income protection cover and offer free free independent income protection quotes with their new interactive quote system.

Men Are More Likely to Die From Cancer Than Women

Tue, 30 Jun 2009 00:00:00 -0400

With men typically being the main bread winner in a family the need for men with dependants to protect their family's financial future with life insurance such as family income benefit has been highlighted by new research stating that men are almost 40 per cent more likely than women to die from cancer. According to a report by the National Cancer Intelligence Network (NCIN), Cancer Research UK and the Men's Health Forum, men are also 16 per cent more likely to develop the disease in the first place. When breast cancer and sex-specific melanomas are taken out of the picture, the chances of men dying from the disease compared to women jump to 70 per cent, with the likelihood of developing the illness rising 60 per cent. According to the experts, the high differences may be down to "stereotypical male behaviour" such as down-playing "important early symptoms and having an unhealthy lifestyle". "Men have a reputation for having a 'stiff upper lip' and not being as health-conscious as women," explained Professor David Forman of the NCIN. **End Summary** Topics: Critical illness insurance]]> Fixed rate mortgages]]>]]> About the Author: ]]> Jason Haines is a protection and mortgage advisor at godirect.co.uk, one of the UK's most trusted information site about personal finance. Here you will find information on critical illness insurance and you can get the latest information on fixed rate mortgages .

How do Your Life Insurance Needs Change as The Years go By?

Tue, 30 Jun 2009 00:00:00 -0400

Some consumers risk being significantly under-insured by not reviewing their life insurance when they experience big changes such as marriage or buying a house, it has been highlighted. It is vital to review cover because the amount of protection changes in line with transformations in personal circumstances, according to personal finance experts from BeatThatQuote. Urging people with life insurance not to "get complacent about how much cover is really right" for them, the financial specialists have cited weddings, buying a home and getting a newborn as some of the situations signifying the need for reviewing cover. Writing in MSN Money, the financial experts said that "entering into a marriage or civil partnership probably means you and your partner will pool your salaries", which highlights the need to protect both sources of income. If buying a house with a partner or friend, consumers should ensure they have enough cover to sort out their share of the debt if they die to prevent the other half from incurring debt, they added. The cost of looking after an extra baby can be enormous, therefore consumers should review their cover to reflect any new additions. Life insurance is especially vital for people with dependants. **End Summary** Topics: UK life insurance]]> Life cover quote]]>]]> About the Author: ]]> Jason Haines is a protection and mortgage advisor at godirect.co.uk, one of the UK's most trusted information site about personal finance. They have the latest life cover quote system and offer free UK life insurance quotes with their new search engine for the best insurance quotes.

Why Does the Cost of Life Cover Put People Off?

Tue, 30 Jun 2009 00:00:00 -0400

Consumers in the UK have identified cost as the main reason preventing them from taking out life insurance in a new survey conducted by Ipsos Mori on behalf of Scottish Provident. The study aimed at investigating consumer lifestyles and attitudes found that nearly half (44 per cent) of those polled said life cover was too costly, while one in ten (11 per cent) said they would rather use the funds for something else. And with the majority of homeowners surveyed (89 per cent) holding the view that owning a home is vital for a reasonable standard of living, the findings highlight the importance of having protection. "Owning their own home may provide clients with a sense of security, but unless it is properly protected, it will be a false one," explained Susan Barclay, the head of marketing at Scottish Provident. "When facing a serious life event such as being made redundant or a debilitating illness, battling to keep a home can be incredibly stressful," she added. Some 13 per cent of consumers in the UK have cancelled their life insurance due to the recession, according to recent figures from the Association of British Insurers. **End Summary** Topics: UK life insurance]]> Life cover quote]]>]]> About the Author: ]]> Jason Haines is a protection and mortgage advisor at godirect.co.uk, one of the UK's most trusted information site about personal finance. They have the latest life cover quote system and offer free UK life insurance quotes with their new search engine for the best insurance quotes.

People Looking Online For Life Insurance Cover Should Beware!

Tue, 30 Jun 2009 00:00:00 -0400

As the recession begins to peak it is clear that many people have been looking at ways to reduce their monthly expenses. Consumers are increasingly taking out life insurance and income protection cover as concerns over the economic climate and its potential effect take hold among people in the UK. There are many life insurance websites on the internet and the number seems to grow each year. Many of these websites are now designed not to offer a customer an instant quote but to take the customers details so that they can be sold on to another company. This has been highlighted by such a company, which has stated that it has provided more than 30,000 life insurance and income protection leads in the first six months of 2009 alone. According to the company, the leads are generated seconds after people search on the internet for advice about protection and submit their information to be contacted. "Since the start of 2009 the demand for protection leads has increased dramatically as more and more adviser firms have diversified away from mortgages and into new areas," explained head of marketing. **End Summary** Topics: Life insurance quotes]]> Mortgage deals]]>]]> About the Author: ]]> Jason Haines is a protection and mortgage advisor at godirect.co.uk, one of the UK's most trusted information site about personal finance. So if you are looking for a new mortgage deals check out the remortgage rates online and offer free life insurance quotes with their new search engine for the best insurance quotes.

The Need For Mortgage Insurance Highlighted by New Unemployment Figures

Tue, 30 Jun 2009 00:00:00 -0400

New figures from the Office for National Statistics (ONS) have underscored the need for people in employment to ensure they are covered with mortgage insurance. According to the latest data, an increasing number of people lost their jobs in the three months to April 2009 as the number of unemployed people and the unemployment rate rose. Once out of a job, getting back into employment is an even more daunting task because the number of vacancies continued to fall during the same period, going down by 108,000 between December 2008 and March 2009. There are only 29.11 million people in employment after the number of people with jobs fell by 271,000 over the quarter and down 399,000 over the year, highlighting the need for people to think of ways to have a fall back plan. One way to go about this is taking out income protection insurance or an accident sickness and unemployment policy. These policies depending on the type of policy, will offer a source of income until a new job comes along. **End Summary** Topics: Mortgage insurance]]> Online mortgages]]>]]> About the Author: ]]> Jason Haines is a protection and mortgage advisor at godirect.co.uk, one of the UK's most trusted information site about personal finance. They have details of the latest deals on online mortgages and you can compare mortgage insurance online for the best buys on the web.

People Taking a Mortgage Should Consider Mortgage Insurance

Tue, 30 Jun 2009 00:00:00 -0400

Mortgage life insurance is the most basic mortgage insurance available for anyone taking out a new mortgage. Typically a mortgage is on a repayment basis which means that the amount owed reduces each year, a mortgage life insurance does the same. This type of insurance is called decreasing term insurance and as the sum assured reduces each year the premiums are cheaper than a level term insurance. As the mortgage lending market continues to fluctuate, consumers thinking of buying a property or those already paying back may want to consider taking out life insurance, especially if in a joint arrangement. New data from the Council of Mortgage Lenders (CML) show that lending totalled an estimated 10.3 billion in May as consumers took out loans to purchase houses, although the figure is two per cent down on the previous month. In light of the recent volatile economic performance, it would be wise for those getting their loans approved jointly with a spouse, partner or friend to put in place measures to ensure their share is paid even if they pass away. **End Summary** Topics: Mortgage insurance]]> Online mortgages]]>]]> About the Author: ]]> Jason Haines is a protection and mortgage advisor at godirect.co.uk, one of the UK's most trusted information site about personal finance. They have details of the latest deals on online mortgages and you can compare mortgage insurance online for the best buys on the web.

Life Insurance and Protection Vital for Men Due to Their Diet and Lifestyle

Tue, 30 Jun 2009 00:00:00 -0400

More factors that should encourage men to consider covering themselves with life insurance or critical illness cover have been highlighted by an expert from Leeds Metropolitan University. According to Alan White, a professor of Men's Health, men seem to be oblivious to the risks of cancer despite the fact that they have a higher level of smoking and an increased rate of obesity than women. Reacting to figures released by Cancer Research UK showing men to be far more at risk from cancer and its effects than women, the health expert said that more men are overweight than women. "The way men put their weight on, around their middle, it increases the risk of fat-related cancers," he said, adding that other issues such as more alcohol, red and processed meat and less fruit and fibre mean that men are more at risk. Such revelations highlight the importance for men to protect their financial future as well as that of any dependants by taking out critical illness insurance or income protection cover. **End Summary** Topics: Mortgage deals]]> Life insurance quotes]]>]]> About the Author: ]]> Jason Haines is a protection and mortgage advisor at godirect.co.uk, one of the UK's most trusted information site about personal finance. So if you are looking for a new mortgage deals check out the remortgage rates online and offer free life insurance quotes with their new search engine for the best insurance quotes.

Quad Bike Users Need to Consider Life Insurance

Tue, 30 Jun 2009 00:00:00 -0400

Individuals whose work or hobbies involves using all-terrain vehicles or quad bikes should consider covering themselves with life insurance or accident, sickness and employment cover to cater for any eventuality. The need for this as well as wearing a protective helmet has been brought to light by a case involving the death of a farm worker, whose employer has been fined by the Health and Safety Executive (HSE). Grant Shannon, who was 34, was killed in June 2007 when he was involved in a quad bike accident while working at Kelloe Mains Farm in Scotland, the owners of which were fined 6,650 this week. With life insurance in place, such an incident would result in any dependants of the deceased getting a lump sum, the amount of which would depend on the level of cover in place. Mr Shannon had only started working at the farm three days before he died, which underscores the need for sector workers to consider cover. "Less than 1. **End Summary** Topics: Life insurance]]> Mortgage payment calculator]]>]]> About the Author: ]]> Jason Haines is a protection and mortgage advisor at godirect.co.uk, one of the UK's most trusted information site about personal finance. You can use their free mortgage payment calculator and get instant online life insurance quotes and income protection quotes.

Life Insurance is it Too Expensive to Have in a Recession?

Tue, 30 Jun 2009 00:00:00 -0400

Life insurance may look like an unnecessary expenditure in the current economic climate but now more than ever is it important for consumers to think about it, it has been reported. In an article in my finances, Daniel Barnes makes the case for considering protection by highlighting the fact that consumers can opt for cheaper types of cover instead of cutting it altogether. Cancelling cover is "a drastic move" that consumers need to critically think about before going ahead, according to Matt Morris, senior policy adviser at broker Life Search. Advising against cancelling a life insurance policy, the expert is quoted by the publication as saying "you are leaving yourself vulnerable as there will be no payout if something happens". The view is shared by Aviva's chief underwriter Michael Whyte, who said consumers need to take a broader and long-term view because a snap decision now may end up being costly in future if a person's life changes. Consumers considering cutting their costs should therefore shop around for a better deal that may see them pay lower premiums but still be protected against any eventuality. **End Summary** Topics: Life insurance]]> Mortgage payment calculator]]>]]> About the Author: ]]> Jason Haines is a protection and mortgage advisor at godirect.co.uk, one of the UK's most trusted information site about personal finance. You can use their free mortgage payment calculator and get instant online life insurance quotes and income protection quotes.

Check Your Sick Pay Benefits Before Taking Income Protection Cover

Mon, 29 Jun 2009 00:00:00 -0400

People considering taking out income protection insurance, critical illness cover or accident, sickness and unemployment protection have been offered tips on how to go about choosing the right product. In an article about health insurance for men in the Telegraph, Emma Simon has recommended first finding out about any sick pay benefits that an employer may be offering. Some organisations pay their employees a proportion of their salary for six months and if this is the case, then it may be wise to opt for a policy that will kick in only once the work benefits stop. According to the writer, this arrangement is known as a "deferment period" and "the longer it is, the lower the cost". It is not recommended for self employed individuals to have a long deferment period unless they have adequate savings to cover this period of having no income. In a similar article, the author wrote that critical illness insurance is cheaper, which means that more people buy it and it covers around 30 illnesses. However, those considering such protection are advised to watch out for exclusions because certain types of cancers are viewed as not life threatening. **End Summary** Topics: Income protection]]> Advice life insurance]]>]]> About the Author: ]]> Jason Haines is a protection and mortgage advisor at godirect.co.uk, one of the UK's most trusted information site about personal finance. The have details on the latest income protection cover and offer free independent advice life insurance .

Avoid the Easy Offers When Taking Simple Life Insurance

Mon, 29 Jun 2009 00:00:00 -0400

Consumers considering taking out simple life insurance have been advised to take into account how much it would take to overcome the financial impact of suffering a critical illness and not dying before signing on the dotted line. Giving personal finance tips in an article in the Scotsman, Edinburgh-based Melville Hutchison financial management director Derek Smith said that it may be wise for people to take out death or earlier critical illness as opposed to death only cover. He explained that if you are taking out protection to cater for something like a mortgage, "the fact is that you are probably more likely to suffer a critical illness than to die during the insurance period". He went on to state that it is important "to understand the exact circumstances under which the insurer will pay out", adding that many different policies are in existence. Warning that some insurers "offer life insurance on a very simple, easy to arrange basis", the expert goes on to say in the article that consumers should beware of deals that come with an "easy offer". Mr Smith explained that "whilst this can be very convenient, they do not always offer good value for money". **End Summary** Topics: Critical illness insurance]]> Fixed rate mortgages]]>]]> About the Author: ]]> Jason Haines is a protection and mortgage advisor at godirect.co.uk, one of the UK's most trusted information site about personal finance. Here you will find information on critical illness insurance and you can get the latest information on fixed rate mortgages .

Family Income Insurance Can Protect Dads Financial Contribution

Mon, 29 Jun 2009 00:00:00 -0400

Families in the UK have been urged to consider whether the financial contribution made by fathers is satisfactorily protected with life insurance as the dust settles on Father's Day, which was marked last weekend. Writing in Scotland on Sunday, Teresa Hunter highlighted the vital role fathers are increasingly playing in the home as parental responsibility becomes a team effort. The loss of a dad could have grave financial consequences for a family, especially since one third of fathers do not have life insurance, according to recent research by Legal & General. Concurrently, only one third of fathers have critical illness insurance, while only one in four (27 per cent) have income protection cover. And with men now spending 53 hours a week on household chores and childcare, the need for at the very least basic life insurance for both parents is vital, argued the author. "There are various ways of providing an income for your family should you fall ill or die," wrote Ms Hunter. "One is to insure for a large lump sum, which can be invested to produce an income. **End Summary** Topics: Family income benefit]]> Life insurance policy]]>]]> About the Author: ]]> Jason Haines is a protection and mortgage advisor at godirect.co.uk, one of the UK's most trusted information site about personal finance. Here you can find details on the best mortgage deals and information on family income benefit insurance and life insurance policy quotes.

Redundancy Insurance Can Prevent Repossession

Mon, 29 Jun 2009 00:00:00 -0400

Accident sickness and unemployment insurance can come in handy if redundancy occurs by providing a place to fall back on, according to Alessia Horwich and Julian Knight, writing in the Independent news paper. The property market may be showing green shoots of recovery but many consumers are facing a bleak situation, which can quickly deteriorate if they are made redundant, argue the authors. Negative equity can hit homeowners very hard if a change in circumstances such as the loss of a job, illness or an accident occurs, according to many charities, and this can lead to repossession if payments are not made. However, "an emergency savings cushion of between three and six months' salary can make a huge difference, as can buying income protection insurance, which will pay an income should you lose your job", said the authors. Income protection insurance can provide funds of between 50 per cent and 65 per cent of one's salary until retirement age is reached or a full recovery is made, according to a recent article in Love money, which also recommended accident, sickness and unemployment cover. **End Summary** Topics: Income Protection]]> Life insurance advice]]>]]> About the Author: ]]> Jason Haines is a protection and mortgage advisor at godirect.co.uk, one of the UK's most trusted information site about personal finance.

Before Buying Life Insurance its Important to Compare Your Options

Wed, 17 Jun 2009 00:00:00 -0400

Life insurance is an important part of financial planning for anyone who has financial dependents. The procedure chosen by consumers to buy life insurance can go a long way in delivering thousands of pounds worth of savings, according to financial website thisismoney. When choosing life insurance, consumers can opt for level term assurance, decreasing term assurance and whole-of-life insurance, whose terms are very straightforward unlike health-related covers. This is because "the policies on offer are, broadly speaking, the same", meaning that "buyers can hunt for the cheapest policy without having to compromise on the standard of cover". While level term cover is set on the length of time during which an individual wants to be covered, decreasing term insurance sees the sum of the entitlement fall over time. The most straightforward is whole-of-life insurance, which will pay a guaranteed amount in the event of the customer's death. Eliminating middlemen is one way to ensure savings are made, says the website, which has advised against just going to one provider because you may walk through the door of the most expensive. **End Summary** Topics: life insurance quote]]> mortgage calculator]]>]]> About the Author: ]]> Jason Haines is a protection and mortgage advisor at godirect.co.uk, one of the UK's most trusted information site about personal finance. You can use their free mortgage calculator and get instant online life insurance quote and income protection quotes.

Recession Increases the Number of Cancelled Life Insurance Policies

Wed, 17 Jun 2009 00:00:00 -0400

The recession is continuing to hit many areas of people's finances and has resulted in a number of people in the UK opting out of insurance contracts, according to new data from the Association of British Insurer (ABI). Due to the harsh economic climate, more than one in ten (13 per cent) people in the UK have chosen not to go on covering themselves with life insurance by cancelling their contracts. According to the insurance body, consumers are looking for all ways of saving money in light of the tight financial situation and are dropping anything they deem unnecessary. However, Stephen Haddrill, the ABI's director general, has urged consumers against opting out of life insurance saying such a move should only be a last resort. He said: "In these uncertain times, insurance provides a vital financial safety net to steer individuals and families through the recession, as well as helping to provide long-term security." Consumers are also cutting back on other types of cover such as home contents cover, which has either been cancelled or not renewed by 22 per cent of people during the past 12 months. **End Summary** Topics: mortgage life insurance]]> cheap life insurance quotes]]>]]> About the Author: ]]> Jason Haines is a protection and mortgage advisor at godirect.co.uk, one of the UK's most trusted information site about personal finance. They have details of the best mortgage life insurance and you can get details on cheap life insurance quotes .

Critical Ilness Cover - How do You Ensure it is The Right Cover?

Wed, 17 Jun 2009 00:00:00 -0400

Critical illness insurance pays a lump in the evened of the assured being diagnosed with a qualifying critical illness during the term of the policy. Recently some insurers have been accused of using unethical techniques to attract consumers to their critical illness cover by having clauses that would make it difficult for people to make a successful claim. According to Legal & General (L&G), some providers are taking marketing angles with critical illnesses covers for diseases such as diabetes and angioplasty, reports the Health and Insurance magazine. Bernie Hickman, L&G's managing director of protection, has said because of increasingly common cases of diabetes, some people may be attracted to a policy that covers it but the small print makes the difference. Only Type 1 diabetes, which affects around five to 15 per cent of sufferers, is covered but some providers add a clause excluding people who get the disease before they turn 40. However, according to the NHS, this type of diabetes often develops in teenage years and Mr Hickman stated that it is "not right or fair for insurers to say they cover" the disease. "Insurers are seeking a marketing advantage but is it treating customers fairly? **End Summary** Topics: Mortgage comparison]]> cheap life insurance]]>]]> About the Author: ]]> Jason Haines is a protection and mortgage advisor at godirect.co.uk, one of the UK's most trusted information site about personal finance. Here you can find details on the best mortgage deals and information on critical illness insurance and term life insurance quotes.

Is There a Need for Income Protection and Unemployment Cover?

Wed, 17 Jun 2009 00:00:00 -0400

The need for people to consider taking out income protection insurance has been underscored by new data from charity Citizens Advice showing more people are seeking its services as a result or losing their source of income and owing money. Demand for advice on debt and employment-related issues in Citizens Advice Bureaux in England and Wales have increased sharply over the last year as people plunged into the red. With a 114 per cent increase recorded for redundancy-related matters, which saw 83,024 new enquiries in 2008/9 compared to 38,745 the previous year, now more than ever are products such as unemployment cover important. "These new figures show the human impact of the recession as more people are coming to the Citizens Advice service for help," said Citizens Advice chief executive David Harker. "In particular we are seeing an enormous rise in the number of people turning to us for help because they have lost their job, or are struggling with debts or having problems keeping up with their mortgages. **End Summary** Topics: mortgage life insurance]]> cheap life insurance quotes]]>]]> About the Author: ]]> Jason Haines is a protection and mortgage advisor at godirect.co.uk, one of the UK's most trusted information site about personal finance. They have details of the best mortgage life insurance and you can get details on cheap life insurance quotes .

Why are Men Risking Their Financial Security by Ignoring Protection Insurance?

Wed, 17 Jun 2009 00:00:00 -0400

There are many different types of protection policies available in today's insurance market. The most common of these are income protection, which provides an income if you are ill and critical illness cover which pays a lump sum if you have a serious illness. Around 90 per cent of men in the UK risk facing financial hardships as a result of ignoring income protection or critical illness cover, this can come in handy in the event of illness or an accident. Despite the fact that 56 per cent of men in the country are aware of the risks of cancer and do check themselves, nearly nine in ten (87 per cent) do not have private medical cover. Research from Friends Provident published in advance of Men's Health Week 2009 also shows that 87 per cent of men have no income protection insurance, while 93 per cent do not have redundancy cover. While 71 per cent do not have life insurance and 81 per cent do not have a will, which can have grave implications for any dependants. **End Summary** Topics: mortgage protection]]> remortgage]]>]]> About the Author: ]]> Jason Haines is a protection and mortgage advisor at godirect.co.uk, one of the UK's most trusted information site about personal finance. So if you are looking for a new mortgage check out the remortgage rates online and see how much you can save, you could also save money on your mortgage protection .

Trading Standards Institute Calls For a Review of Critical Illness Cover Legislation

Wed, 17 Jun 2009 00:00:00 -0400

Critical illness insurance is a valuable form of cover for both single people with no dependents and families. It pays out a tax free lump sum on diagnosis of a qualifying critical illness during the term of the policy. Current legislations are letting down consumers by allowing them to be penalised when making claims on a critical illness policy, according to the Trading Standards Institute. Some consumers with critical illness insurance are being denied payments on flimsy grounds such as having a minor ailment unrelated to the serious disease that was not disclosed to the insurer, reports the Mirror. One case highlighted by the institute involved a leukaemia sufferer being refused because she failed to disclose that she suffered from ear infections in the past. "People claiming on a critical illness policy will be going through a very difficult time in their lives and should not have this additional worry," the institute's deputy chief executive Paul Ramsden is quoted as saying by the newspaper. He went on to state that "the law needs amendment to treat the claim in an appropriate manner in the first place", adding that current legal requirements are "letting down consumers through a significant imbalance". **End Summary** Topics: critical illness insurance]]> term life insurance]]>]]> About the Author: ]]> Jason Haines is a protection and mortgage advisor at godirect.co.uk, one of the UK's most trusted information site about personal finance. Here you can find details on the best mortgage deals and information on critical illness insurance and term life insurance quotes.

What is the Value of a Mum and Dad?

Wed, 17 Jun 2009 00:00:00 -0400

There are many type of insurance available that can protect your family if you become ill or if the unthinkable happens and you die prematurely. Taking out income protection insurance and other types of cover such as accident sickness and unemployment security and family income benefit is something that even stay-at-home dads and mums should consider. But what price do you put on yourself if you cannot work? New figures from Legal and General have shown how much parents contribute in the home and placed the value of a dad in 2009 at 23,296 a year. According to the organisation, the amount of time fathers spend dealing with household chores can sometimes be overlooked but their contributions are worth a lot of money. It would cost 448 pounds a week to replace the work the average dad engages in at home in household chores and childcare, underscoring the need for people to consider having a plan in place should anything untoward such as illness or an accident happen. **End Summary** Topics: life insurance quote]]> mortgage calculator]]>]]> About the Author: ]]> Jason Haines is a protection and mortgage advisor at godirect.co.uk, one of the UK's most trusted information site about personal finance. You can use their free mortgage calculator and get instant online life insurance quote and income protection quotes.