Category Archives: Life Insurance

Widowed parents and children lose out under new scheme

In April, the Bereavement Support Payment was introduced, replacing the Bereavement Payment, Widowed Parent’s Allowance and Bereavement Allowance. Intended to provide a more streamlined benefit, the net gainers of this benefit are those under 45 with no children, with the losers of this new payment those with children, particularly those... Read More

Funeral costs soar 4.7% in a year, to over £4,000

The annual Cost of Dying report, published this month by SunLife, reveals that the cost of a basic funeral has risen for the 14th year in a row and now stands at £4,078, an increase of 4.7% in just one year and a huge rise of 112% since they started... Read More

‘Generation Rent’ exposed to financial risk

The percentage of households privately renting in the UK is ‘on the up’ according to a report published by the Department for Work and Pensions earlier this year and the percentage of 35-44-year olds privately renting has more than doubled in the last ten years. If you're one of the... Read More

Mistrust could put families at unnecessary risk

Over the years, you may have read tabloid stories exclaiming, “Mother-of-two dying of ovarian cancer is refused life insurance pay out". Disturbing news, if you’re one of the 26% of UK adults who are regularly paying your life insurance premiums. After all, what’s the point of making regular payments if,... Read More

Parents tell of the life-changing impact illness can have on family finances

More than one in four (27%) families have experienced a loss of income due to ill-health, serious illness or death within the family, according to a study by Aviva. The experiences of families who have encountered an unexpected loss of income have been published in Aviva's Protecting Our Families report. Their... Read More

The true value of life insurance

Coming to terms with the death of a loved one is hard enough. But with the possible added financial pressure of losing an income, this can make a distressing situation even more difficult to cope with. Yet, in a recent survey conducted by Aviva, 68% had no plan for dealing... Read More

Almost half of UK adults say life insurance is essential

47% of all people in a recent survey commissioned by Royal London say that life insurance is essential for anyone with a mortgage or dependants. However, whilst so many of us recognise a need for protection cover this doesn’t necessarily translate into an action to buy. The research was done... Read More

One in four families have lost income due to ill health, serious illness or death

Figures revealed in a recent report by Aviva show that unexpected loss of income is sadly much more common than people might think - with 27% of people surveyed experiencing a loss of income due to ill health, serious illness or death, 11% experiencing long-term loss of income and 7%... Read More

5 reasons why ‘Millennials’ should think about life insurance sooner

Today, Millennials, young adults or you (if you're aged 18-30) face numerous financial challenges in addition to everything else they have to tackle - from confronting student loan debt to working out how to save for retirement. Budgeting, enjoying the summer festival season and paying back debts are a priority.... Read More

It won’t happen to me…

Every 2 minutes someone in the UK is diagnosed with cancer. Every 7 minutes someone in the UK will have a heart attack. Every 12 minutes someone in the UK will have a stroke. And yet so many of us are without a plan in place to help ourselves or... Read More

Category Archives: Life Insurance

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