by: Michael Challiner
The advent of the internet has opened up the possibility of cheaper life insurance for all.
In years gone by, if you were considering life insurance you would probably have invited an insurance salesman from your favourite insurance company to meet you or alternatively gone to your local insurance broker. But rarely would you have been courageous enough to get competitive quotations. It just wasn?t done. You trusted the salesman to do the best for you and surely you thought, life insurance is somewhat technical and requires specialised knowledge. All very cosy. All very expensive. How life has changed!
People now realise that life insurance is not that complicated. If on a scale of 1 to 10, buying car insurance online rates 9, life insurance must be a 7 or 8. This has opened up the Internet as a prime arena for cut-price life insurance. That?s not to imply that life policies bought on the Internet are in any way substandard. No, you?re most likely to end up with a policy from one of the UK?s big insurers like Norwich Union or Legal & General and they?ll be exactly the same policies as you could buy anywhere else. It?s just that the intense competition on the internet and efficiency and simplicity of the system, means that most online brokers decide to cut the commission and roll back the savings into lower prices.
Ah yes I hear you saying, 7 or 8 implies that life insurance is more complicated than car insurance. Yes it is - but that doesn?t mean that it represents a problem. The companies selling life insurance online recognise that many clients feel that some level of personal advice is useful and indeed, necessary. They accommodate this with a mix of useful information on the web site and more often than not, with a short telephone conversation with a life insurance adviser prior to you buying. This provides reassurance and helps to ensure you really do get the policy options you need all at rock bottom prices.
Buying online certainly is a good idea.
About The Author
Michael Challiner has 15 years experience in financial services marketing at senior level, the last 5 of which specialised in online marketing. Michael now works as the editor of http://www.express-life-insurance.co.uk Express Life Insurance on behalf of Andromeda Webs.
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The Four Chief Types of Life Insurance
The Four Chief Types of Life Insurance
by: Evan Davis
Life insurance, at its core, is a means to protect the financial security of one's survivors. It is generally thought of as a way to provide income replacement for a wage earner's survivors in the event of death.
Life insurance is purchased from an insurer by making regular payments of premiums during the life of the insured.
Upon the death of the insured, designated beneficiaries receive a financial benefit.
Although all life insurance policies maintain those consistent characteristics, there are different means to achieving the same end.
Four distinct types of life insurance have been developed and are in common usage.
*Term Life Insurance
Term life insurance is probably the most basic form of life insurance.
Term insurance is purchased for a specific period of time (the term).
The length of the term can vary considerably.
Insurance > The Four Chief Types of Life Insurance
Tips On How To Arrange Cheaper Home Contents And Buildings Insurance
Tips On How To Arrange Cheaper Home Contents And Buildings Insurance
by: Joseph Kenny
If you are looking for tips on how to reduce the yearly premiums you pay on your home contents and/or home buildings insurance policies, the following are some sure-fire ways to do it:
Increase the insurance excess amount
While still maintaining a sensible threshold, why not increase the excess amount on the insurance policy?
The excess amount is the amount you and the insurance company agree you?ll be liable to pay before you can make a claim on the insurance policy.
In theory, with an increase in the excess amount should come a reduction in the premium ? as there is less chance you?ll claim.
Increase your home security
Insofar as home contents insurance is concerned, security is a major contributing factor.
Therefore, if you want to reduce your home contents insurance premiums, you should seriously consider beefing...
Insurance > Tips On How To Arrange Cheaper Home Contents And Buildings Insurance
Loan Payment Protection Insurance ? Worth The Cost?
Loan Payment Protection Insurance ? Worth The Cost?
by: Joseph Kenny
Nowadays, every time you apply for a loan you will most likely be offered payment protection insurance. If you are taking out a particularly large loan, the idea may seem very attractive. These insurance policies will take over repayments on your loans in the event of losing your job or being involved in a medical emergency. But what are the true costs and benefits of this type of insurance? Given that over a billion pounds is spent in Britain on this kind of insurance annually, it is worth asking yourself.
The Cost Of Insurance
The fact of the matter is that the lending industry has become more and more competitive in recent years. With interest rates getting lower and lower, lenders have sought to find out ways of increasing their returns. One of the ways they have come up with is to offer various additional products that accompany the loan, such as payment protection...
Loan Payment Protection Insurance ? Worth The Cost?
Insurance > Loan Payment Protection Insurance ? Worth The Cost?
Car Insurance - How Can You Lower Your Premiums?
Car Insurance - How Can You Lower Your Premiums?
by: Michael Challiner
Many factors influence the premium for your Motor insurance policy. Your insurer will have asked you many questions whilst producing your quote - some of which will affect your premium and some will not. Below we discuss the key variables that are within the policyholder's control.
Consolidating policies
By insuring a number of vehicles with the same insurer, or by trying to take out home and life insurance through your car insurer, you may be able to secure a ?bulk buy? discount.
Location
A big influence on the cost of your car insurance is where you live. The chance of your car being broken into or stolen is a key concern for the insurer. More urban areas traditionally facing greater risk of theft and therefore tend to be more expensive than countryside locations.
Excess
By agreeing to pay a greater excess on each claim you can reduce your car...
Car Insurance - How Can You Lower Your Premiums?
Insurance > Car Insurance - How Can You Lower Your Premiums?
Trepidation in Choosing a BIKE
Trepidation in Choosing a BIKE
by: Maricon Williams
Choosing and purchasing a bike is no easy matter. You will be first entangled to lots of choice making it harder for you to choose. There are a lot of influences from persons close to you as well as from a pool of authority people. Each of them is offering a good bike but how are you to choose?
When I purchased my second bike, I was given a long-list of selection. From my own search diligence, I have read several reviews and road tests. In connection with my environment, vast advice kept on coming. Advises from my friends, acquaintances, co-workers, relatives and riders are overwhelming.
There are those who are solid to Harley Road King. For them, it is important that your bike?s tank has the Harley-Davidson?s stamped legacy. Others go for Suzuki while others are for Yamaha. There are those who are more on the performance aspect. They are considering a bike which can still comfort even...
Trepidation in Choosing a BIKE
Insurance > Trepidation in Choosing a BIKE
10 Ways To Save On Homeonwers Insurance
10 Ways To Save On Homeonwers Insurance
by: Robert Rogers
1. Raise Your Deductible - Save Up To 25%
Deductibles are the amount of money you have to pay toward a loss before your insurance company starts to pay a claim, according to the terms of your policy. The higher your deductible, the more money you can save on your premiums. Nowadays, most insurance companies recommend a deductible of at least $500. If you can afford to raise your deductible to $1,000, you may save as much as 25 percent. Remember, if you live in a disaster-prone area, your insurance policy may have a separate deductible for certain kinds of damage. If you live near the coast in the East, you may have a separate windstorm deductible; if you live in a state vulnerable to hail storms, you may have a separate deductible for hail; and if you live in an earthquake-prone area, your earthquake policy has a deductible.
2. Don?t confuse what you paid for your house with rebuilding...
10 Ways To Save On Homeonwers Insurance
Insurance > 10 Ways To Save On Homeonwers Insurance
5 Top Things Baby Boomers Must Do Before Starting a Home Based Business
5 Top Things Baby Boomers Must Do Before Starting a Home Based Business
by: Patty Gale
Don't quit your day job just yet.If you are a baby boomer looking to start a home business, there are 5 essentials things you must do first.
Leaving the security of a job with an established 401(k) plan, health insurance or other benefits can create a real tug of war for baby boomers who want to pursue their dreams of owning their own business.
Analyze Your Exit Strategy
At the time of this writing, the youngest of the baby boomers are turning 42 and the oldest are turning 60.
No matter where you fall into this group, analyzing and preparing your exit strategy from your job will be crucial to your long-term success as a home business entrepreneur.
Do you have adequate savings?
If you're married, will you be able to participate in your spouse's health insurance?
Create a Financial Plan
How much is your salary...
5 Top Things Baby Boomers Must Do Before Starting a Home Based Business
Insurance > 5 Top Things Baby Boomers Must Do Before Starting a Home Based Business
The Life Insurance Policy and What You Need to Know Before You Buy
The Life Insurance Policy and What You Need to Know Before You Buy
by: Don Adams
Are you looking to buy a life insurance policy?
Well, be careful. Life insurance can be difficult to understand and it's easy to be conned into buying something under false pretenses.
Recently a prominent life insurance company together with several of its agents paid a huge fine because it permitted the sale of a life insurance policy disguised as a retirement plan.
There was little attention given to what a life insurance policy is truly designed to provide.
Life insurance is not an investment for your benefit.
It's guaranteed income tax-free cash paid to someone you designate in the event of your death.
If you deeply care for someone and want to protect them, then buying a life insurance policy makes sense.
As primary bread winner in your family, your lost income could jeopardize the ability of those you love to...
The Life Insurance Policy and What You Need to Know Before You Buy
Insurance > The Life Insurance Policy and What You Need to Know Before You Buy
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