Tag Archives: Insurance

Insurance

Assets, Financial, Financial Information, Financial Services, Insurance, Insurance Services, Money

quoteboffin.co.uk – New Money Saving Website

As the UK emerges from the recession with economic growth up 0.1% and unemployment falling for the first time in 18 months, it’s easy to get sidetracked by the future and forget to learn lessons from the past.

quoteboffin.co.uk - New Money Saving Website

Although the recession saw a dramatic slump in consumer spending on high end products such as cars, luxury holidays and property, recent trends show this too is on the up with the promise of better times to come.

New money saving website, Quoteboffin.co.uk, is urging consumers not to get carried away however and to remain frugal with their money, especially when shopping around for financial products.

“Consumers shouldn’t perceive the end of the recession as a green light for reckless spending or to become apathetic about what happens to their money. Go online and consumers are spoilt for choice when it comes to price comparison sites that can save people hundreds of pounds. Quoteboffin.co.uk in particular helps consumers compare life insurance packages from numerous providers. Saving money on necessities such as life insurance gives people the option to indulge or invest in other areas of their lives which they otherwise might not have been able to do.”

The popularity of the price comparison website is a recession defying success story. Price comparison services are growing at an annual rate of 30% – 50% and became particularly popular during 2007 – 2009 when the recession was at its peak and consumers were eager to save money.

In a nutshell, price comparison services allow consumers to compare financial products from a range of providers. Price comparison websites do not sell the products themselves but source information from retailers from whom consumers can buy from.

Quoteboffin.co.uk emphasises the benefits of such as service in a post recession UK:

“QuoteBoffin.co.uk and its competitors update their databases on a daily basis to ensure consumers get the most up to date prices at the click of a button. Quoteboffin.co.uk in particular is free and easy to use, meaning its never been easier to save money on life insurance.”

Via EPR Network
More Financial press releases

Assets, Financial, Financial Information, Financial Services, Insurance, Insurance Services, Money

Understanding Texas Home Insurance Options

It is a smart idea that no matter what state you live in, you familiarize yourself with the types of policies and market rates for that particular state. Texas is no exception to this rule so it is important that when you’re shopping online for home insurance quotes you know what policies insurance companies in Texas offer.

Understanding Texas Home Insurance Options

According to an article recently published on InsuranceAgents.com, searching for homeowners insurance quotes in Texas is just like searching for homeowners insurance quotes in any other state, only the rates may fluctuate from company to company. However, the types of policies are usually standard no matter what company you check out.

The article states, “Insurance companies in Texas offer their own particular policies that are relevant solely to Texans. Once you have a sampling of what Texas homeowners insurance offers you can shop for homeowners insurance quotes more effectively.”

Via EPR Network
More Financial press releases

Assets, Financial, Financial Information, Financial Services, Insurance, Insurance Services, Money

Finding Cheap Life Insurance Easier Than You Think

To those who have wondered whether or not a cheap life insurance policy exists today, a newly published article on InsuranceAgents.com answers with an emphatic “yes.”

Finding Cheap Life Insurance Easier Than You Think

“Cheap life insurance does exist and its target market are people under 30, that are starting a family,” the articles, ‘Cheap Life Insurance’ states. “Most times cheap life insurance is term life insurance.”

Term life insurance is a policy that has an expiration date. After the term is over, the coverage ceases, as well, unless the policyholder passes on during the term. It’s typically the cheapest life policy to buy. More expensive (but more comprehensive) is a whole life insurance policy—these policies aren’t cheap unless you invest in them very young.

Life insurance can be the line between a financially-broken grieving family and a family that can focus on the death of a loved one because they don’t have to worry about income.

“The death of a loved one is tough enough; combine that with financial devastation and the situation just got worse,” the article states. “A life insurance policy takes care of those you love, should the unthinkable occur.”

The funds from a life insurance policy can be used for any number of things the beneficiary(s) may need to pay for like funeral costs, any mortgage or debts left behind, sending the children to college, and even allowing the family time to grieve before returning to work.

A great way to find cheap life insurance rates is to search online for quotes. You can obtain several life insurance quotes and policies, allowing you the opportunity to compare coverage, rates and insurance providers.

Via EPR Network
More Financial press releases

Assets, Financial, Financial Information, Financial Services, Insurance, Insurance Services, Money

Invest in Life Insurance Now for Your Children

Nothing is more precious to a parent than the guaranteed protection of their children. Children’s life insurance is among the most valuable protection a parent can invest in. It offers a variety of benefits and is affordable. According to a recent article by InsuranceAgents.com, parents willing to spend several dollars each month can obtain valuable coverage for their children throughout their lives.

No parent wants to contemplate about the time when their child—whether they’re 8 months, 8 years, or 80 years old—will pass on. But it can be a very valuable and wise to make the investment when it’s at its most affordable, according to the InsuranceAgents.com article, ‘Children’s Life Insurance: A Solid Investment.’

There are many reasons to compare life insurance rates for children, though parents may not want to think about any of them. Some reasons include:

1. Funeral/burial costs. A child’s death yields some expensive funeral expenses—bills you won’t want to worry about if you need to grieve. Burial costs and grief counseling alone can range between $6,000 and $15,000.

2. It won’t cost much. Children’s life insurance can cost mere dollars a month. And if you fix the rate at the earliest opportunity, your child could have life insurance coverage throughout their life and benefit from such an amazingly low rate.

3. Ultimate protection. “Life insurance can be hard to obtain for people with unfortunate genetic traits or preexisting conditions. Investing in children’s life insurance cuts the risk of your child being denied coverage later on in life if they develop a disqualifying condition,” the article states.

Via EPR Network
More Financial press releases

Assets, Financial, Financial Information, Financial Services, Insurance, Insurance Services, Money

Responsible Homeowners Receive Lower Home Insurance Quotes

A recently released InsuranceAgents.com article, “Maintaining Your Home Could Lower Your Home Insurance Rates,” seeks to show homeowners how proper up-keep of a home will help save them money on their premiums.

“You can lower your annual premiums by properly maintaining your home throughout the year,” the article states. “Take the safety and well-being of your home seriously.”

Here are some ways to protect homes from the most common sources of damage:

• Fire – Smoke detectors, multiple fire extinguishers, properly cleaning and maintaining the fireplace, etc. are all ways to protect against fire and find significant homeowners insurance discounts.

• Theft – Deadbolt locks, security systems, motion sensor lights will protect homes from burglary as well as lower home insurance rates. Taking this initiative shows insurers their client is a low risk and takes protecting their property seriously.

• Water – Leaky pipes can cause extensive water damage to homes. Check the heating and cooling systems regularly for any irregularities and patch them up as they come along.

Via EPR Network
More Financial press releases

Assets, Financial, Financial Information, Financial Services, Insurance, Insurance Services, Money

Guide to Separating Homeowners Insurance after Divorce Released

While divorce is generally a hard time in many people’s lives, the best way to lessen the pain is to know how to take things apart, like property, rights, and particularly homeowners insurance, according to a recent InsuranceAgents.com article, “Home Owners Insurance and Divorce: An Unfortunate Combination.”

Divorce is a huge life change, and it forces individuals to reassess their finances, and that should include the homeowners insurance policy.

“If you plan on keeping the home after the divorce, it is imperative you follow the guidelines to ensure a convenient and stress-free process. Divorce can be an expensive dispute, but that doesn’t mean your homeowners insurance policy has to as well,” the article states.

When a homeowners insurance policy is drafted, its details (like the amount of the deductible), and included coverage options, etc., is all determined by the client(s). In other words, the lifestyle (routine, income, shared personal belongings, and way of life) of a person and their spouse (or soon-to-be ex) determines who the homeowners insurance policy is customized. So when one spouse of is out of the picture, the existing homeowners insurance policy’s coverage is no longer 100 percent relevant and needs to be updated.

It is also important for the spouse who retains ownership of the home to focus on the deductible of the homeowners insurance policy. The policyholder can either get a lower deductible and pay a higher premium, or get a higher deductible and pay a lower premium.

“Depending on your situation following the divorce, each type of deductible may have different benefits for you,” according to the article.

Divorce can be time-consuming, expensive and painful. To reduce the amount of stress and burden on a person, knowing how to split the big things—the home, personal belongings, homeowners insurance policy—will go a long way.

To learn more and/or request home owners insurance quotes, visit InsuranceAgents.com.

Via EPR Network
More Financial press releases

Financial Information, Financial Services, Insurance, Insurance Services

LV Launch New Website For Advisors

LV=, the leading retirement solutions and protection provider, has launched a new website for advisors. The new site brings all elements of previous web offerings for advisers from LV= together in one place, with various added benefits and services.

Among the additions to the new LV= advisor website is access to the full range of award-winning LV= products without having to log-in, with log-in only required for product quotes and applications. The log in process itself has also been simplified on the new site, with users having the option to use Unipass for further online security.

Users visiting the new site will also enjoy improved site navigation and the opportunity to download a range of product toolkits and support materials. Advisers can apply online to LV= for terms of business.

Justin Harper, Head of Adviser Marketing at LV=, said: “We are delighted to announce the launch of our new adviser website. It was designed with one goal in mind – to make it as easy as possible for advisers to access information about LV= products and then transact business with us quickly and efficiently.

“Virtually all the information advisers need is just a couple of clicks away, so they can get the support they need with no hassle. A simplified log-in process, or the ability to use Unipass, means that getting quotes and submitting product applications is easier than ever.

“We are always looking at ways to improve the service we give to advisers and our new website is just one step along the way. Watch this space for further developments.”

About LV=
LV= is a registered trademark of Liverpool Victoria Friendly Society Limited (LVFS) and a trading style of the Liverpool Victoria group of companies.

LV= employs more than 3,800 people, serves over 3.6m customers and members, and manages around £7bn on their behalf. We are also the UK’s largest friendly society and a leading mutual financial services provider, supplying retirement solutions and many other award winning LV= products.

Via EPR Network
More Financial press releases

Checking & Savings, Financial, Financial Information, Financial Management, Financial Services, Insurance, Investment, Money, Personal Finance

The Children’s Mutual Reports Kids Unaffected By Recession This Christmas

According to research by a leading Child Trust Fund (CTF) provider, The Children’s Mutual, children in the UK are set for a bumper Christmas this year, receiving £5 billion of presents. With generous friends and family set to spend 20% more than last year on youngsters, it seems the recession is not impacting kids’ stockings just yet.

The average UK child will receive £380 worth of presents this year, compared to £316 in 2008. In total, UK kids will have over £4 billion worth of toys and other presents underneath their trees, along with £960 million in cash, with each child receiving an average of £73. More than a quarter of lucky UK children will get £100 or more.

The Children’s Mutual is urging parents to take advantage of the generosity of friends and family this Christmas by asking them to invest in a present that could last a lifetime.

David White, Chief Executive of The Children’s Mutual, said: “It’s great news that the recession is not affecting kids’ stockings this Christmas. However we are urging parents to think about their children’s futures and ask friends and family to invest a portion of this money for the long-term.”

The Children’s Mutual also found that a lot of money is spent on presents that often don’t last for more than a couple of months.

David White continued: “Around £200 is spent on presents that won’t make it past Easter, but if this money was invested in a Child Trust Fund each year, it could be worth £6,100* by the time it matures when the child turns 18. This way friends and family can give a gift that could last well beyond the child’s 18th birthday and providing them with a nest egg for the future.”

According to figures from The Children’s Mutual, top ups into Child Trust Funds get a timely boost at Christmas with an average increase in ad hoc payments of just under 25% during the festive period.

Child Trust Funds are designed to provide a tax efficient, long term savings vehicle for all eligible children (born on or after 1 September 2002). Each newborn child receives a £250 Child Trust Fund voucher (£500 for low income families) from the Government when their parents register for Child Benefit. The Government will make a second contribution of £250 (£500 for low income families) when the child reaches seven and is considering a third in the child’s teenage years. Parents, family and friends can all then add to this account up to a maximum value of £1,200 each year.

Via EPR Network
More Financial press releases

Checking & Savings, Financial, Financial Information, Financial Management, Financial Services, Insurance, Investment, Money, Personal Finance

The Children’s Mutual Launches What I Want To Be Webmercial

The Children’s Mutual, a leading Child Trust Fund provider, has captured the career aspirations of kids in the UK in its new webmercial and microsite.

Dressed to reflect the most popular career choices, babies from seven to 11 months are seen acting out different job roles in the 50 second web ad.

The What I Want To Be webmercial was prompted by research from The Children’s Mutual into the dream jobs of the nation’s children entitled What I Want To Be. Every year the research tracks the career aspirations of children as they grow up, to explore how social and economic factors might affect their ultimate career choices.

The brains behind the ad, Head of Online at The Children’s Mutual and dad of one, Nathan King said: “We wanted to engage with a new generation of parents who enjoy and respond to online media. We understand families and their desire to help their children fulfil their ambitions. So while the ad and microsite are a lot of fun our products support parents in helping their children to reach their goals.”

The project isn’t the first time The Children’s Mutual has broken new ground as a CTF provider. The family finance specialist also created the first branded CTF TV advert encouraging parents to save for their children as well as a recently launched animated guide to the Child Trust Fund. The webmercial and CTF microsite now form part of the company’s evolving social media engagement strategy.

According to King: “Personal finance is very few people’s favourite subject but it is a crucial part of daily life. As a family finance specialist we want to try everything we can to help make saving and planning for the future as engaging and straightforward as it can be.”

Child Trust Funds are designed to provide a tax efficient, long term savings vehicle for all eligible children. Each eligible newborn child (born on or after 1 September 2002) receives a£250 Child Trust Fund voucher (£500 for low income families) from the Government when their parents register for Child Benefit. The Government will make a second contribution of £250 (£500 for low income families) when the child reaches seven and is considering a third in the child’s teenage years. Parents, family and friends can all then add to this account up to a maximum value of £1,200 each year.

Via EPR Network
More Financial press releases

Checking & Savings, Financial, Financial Information, Financial Management, Financial Services, Insurance, Investment, Money, Personal Finance

Animated Guide To Child Trust Funds

Leading Child Trust Fund provider The Children’s Mutual is pleased to announce the launch of a new cartoon guide to Child Trust Funds – the first of its kind in the marketplace.

The cartoon guide is a five minute animation in a graphic style reminiscent of perennial children’s favourite, Fuzzy Felt. During the film, busy new mum, Mel, (and baby Emily) explain what the Child Trust Fund is, the different sorts of funds that are available, their individual features, how to find a provider and how to go about applying for a fund.

The Child Trust Fund guide has additional link-back buttons at the end that allow viewers to go directly back to sections of particular interest and watch them again. It also gives clear direction to alternative information sources including HMRC.

Marketing Director, Tony Anderson, said: “We appreciate that new parents have very little free time and when they do get a chance to sit down they aren’t necessarily in the mood to wade through financial paperwork or regulatory terminology. But they still want to be sure that they are making the right choices for their children. This is where our animated guide provides a completely new approach to helping customers – through carefully chosen language and functionality. It provides all the salient information about CTFs in easy to understand language and simple to access bite size sections.”

The cartoon guide can be viewed at The Children’s Mutual’s own website and is also available for publications and sites to host themselves to help their own audiences to more easily understand the Child Trust Fund.

Tony concluded: “Opening a Child Trust Fund account can seem like a daunting task, but with our new guide it needn’t be. All we ask is that parents give us just five minutes of their time to help them make an informed decision.”

Child Trust Funds are designed to provide a tax efficient, long term savings vehicle for all eligible children. Each eligible newborn child (born on or after 1 September 2002) receives £250 (£500 for low income families) from the government when their parents register for Child Benefit. The Government will make a second contribution of £250 (£500 for low income families) when the child reaches seven and is considering a third in the child’s teenage years. Parents, family and friends can all then add to this account up to a maximum value of £1,200 each year.

Via EPR Network
More Financial press releases

Assets, Financial, Financial Information, Financial Services, Insurance, Insurance Services, Money

Learn How to Customize Business Insurance Policies

With any insurance policy, the consumer should take the time and care in making a checklist with their insurance agent to make sure all their bases are covered. Only a personally tailored business insurance policy stands the chance of being efficient while also providing the necessary amount of coverage, according to an article recently published on InsuranceAgents.com.

“When venturing out and starting your own business, it’s important to financially protect it with a quality business insurance policy,” states the article titled, ‘Make Your Own Business Insurance Policy Checklist.’ “Having all of the right coverage options and necessary inclusions will protect you from serious financial loss later.”

Here are several necessities that should be included in any business insurance policy. Without these, a business insurance policy is pretty much obsolete. Depending on the nature of the business, some types of coverage should be emphasized while others should be minimal. Talk to a licensed professional about the needs of your specific business.

-Reparation/replacement coverage for any damaged property or assets
-Liability coverage with high enough limits
-Reimbursement of any income loss if the company temporary ceases productivity (this is known as interruption insurance)
-A deductible that fits within the framework of the company’s budget
-Optional: workers compensation and health insurance for employees

Via EPR Network
More Financial press releases

Checking & Savings, Financial, Financial Information, Financial Management, Financial Services, Insurance, Investment, Money, Personal Finance

The Children’s Mutual Launches CTF Cashback Site

The Children’s Mutual, leading Child Trust Fund provider, has revealed that expectant parents can earn over £200 by using its new shopping portal CTFCashback.co.uk to kit out their babies’ nurseries.

Research shows that on average, British parents spend £3,383 decorating and furnishing a nursery with a further £605 spent on prams, buggies and car seats. If parents did this shopping through CTF Cashback, they could be earning financial rewards of up to £215.

Free to use, the site enables online shoppers to build up cash in £10 increments which can be placed directly into a bank account or a Child Trust Fund with The Children’s Mutual.

The site, which offers members up to 20% cash back and lists over 1,000 retailers – many with additional voucher codes – can help parents and the wider family continue to save as the baby grows up too. By using CTFCashback.co.uk to purchase ongoing essentials such as nappies and baby wear right through to buying presents and even holidays.

Tony Anderson, Marketing Director at The Children’s Mutual, said: “All parents quickly realise that buying everything they need and want for their child can be an expensive business. We created our CTF Cashback site to assist parents in getting great value for money on all their purchases, whilst being able to save towards their child’s future”.

Over 1,000 major retailers have already signed up to the scheme including leading brand favourites such as Mothercare, John Lewis, Kiddicare.com and Marks & Spencer. Collectively, retailers are offering www.CTFCashback.co.uk members average returns of over 5% through the site, with some offering up to 20% or lump sums of up to £85.

Tony Anderson continued, “When questioning expectant and new parents through our monthly poll, nearly 90 per cent* suggested that they would like to receive ‘money back’ for their nursery shopping. We have taken this one step further so, whether it’s buying baby grows and nappies or school uniforms and family holidays we wanted cash-strapped parents to be earning money every time they spend online. With so many pulls on household budgets, www.CTFCashback.co.uk offers a practical way of helping families to be savvy with their money and encourage them to save towards their children’s futures.”

Via EPR Network
More Financial press releases

Financial, Financial Information, Financial Services, Insurance, Insurance Services, Money

Homeowners Insurance Tips for Halloween

Generally speaking, one doesn’t usually associate Halloween with homeowners insurance. One is a night of fun-filled night of adventure, sweets, and costumes while the other is, well, there. But when it comes to saving the headache and expense that goes into filing a homeowners insurance claim, even the most festive Halloween appreciator will perk up and listen. According to an article recently published on InsuranceAgents.com, homeowners planning a Halloween party should take a few simple precautions so they don’t find themselves in a claim situation.

Halloween is one of the few occasions where homeowners across the country actually invite total strangers onto their property. With all the elements involved, anything can go wrong and it is for that reason why a quality homeowners insurance policy is important. “If you are planning a relatively large party then you might want to consider additional homeowners insurance coverage,” states the article titled, ‘Halloween Parties Gone Bad: Homeowners Insurance Affected.’ “You should consult your home insurance agent about your options regarding additional coverage for an event such as a Halloween bash.”

The first step in keeping a Halloween party safe is keeping the pets away. Even the most gentle of animals can go off on an unsuspecting guest without notice. This could, unfortunately, lead to a costly homeowners liability insurance claim. So don’t take the chance and just lock Fido in the basement for the night.

Home fires are another unfortunate occurrences at some Halloween festivities. With Jack-O-Lanterns and candles in bags lighting walkways, any number of circumstances could take place which could result in an untimely and unfortunate house fire. So be cautious and don’t be a part of the staggering statistics relating holidays and house fires.

Halloween is supposed to be a worry-free night of fun and adventure. So keep it that way with the aforementioned simple precautions. Visit InsuranceAgents.com today to learn more about saving on all types of insurance.

Via EPR Network
More Financial press releases

Financial, Financial Information, Financial Services, Insurance, Insurance Services, Money

No Kidding – Average Age of Child on Parent’s Car Insurance is 31

In the past year the average age of a child named as a second driver on their parent’s car insurance policy has shot up from 25 to 31 years old, according to new research from uSwitch.com. As the recession takes its toll on the Bank of Mum and Dad, 10 million drivers (39%) have a second named driver on their policy and 2.5 million (10%) of these are offspring.

Being named on a parent’s policy is a legitimate practice, providing that the child in question is not the main driver of the vehicle. However, with insurance premiums on the up, high petrol prices and other escalating costs, keeping a car on the road has become challenging for many young motorists. As a result, many are putting themselves on the wrong side of the law by indulging in a fraudulent practice known as ‘fronting’.

‘Fronting’ takes place when a young person buys and registers a car in their own name, but the insurer is falsely told that a parent is the main driver – and cases have shot up since the onset of the recession. According to the Association of British Insurers (ABI), ‘fronting’ and other forms of insurance fraud have increased by 30% since 2007 and the cost of undetected fraudulent general insurance claims is now estimated at £1.9 billion a year, up 24% from £1.6 billion two years ago.

Ultimately consumers end up paying the price for this activity – insurance fraud now adds an average of £44 a year to every household’s general insurance costs.

In addition to ‘fronting’, some young motorists are taking cost cutting to an extreme with as many as one in five (250,000) 17-20 year olds driving without insurance, according to the Motor Insurers’ Bureau (MIB). In the current economic climate it’s also unsurprising that many feel forced to downgrade their type of cover to the more affordable ‘Third Party’.

Young drivers are not alone in this – one in five (20%) of all third party policy holders have opted for a reduced level of cover because they are simply unable to afford fully comprehensive cover in the current financial environment.

Via EPR Network
More Financial press releases

Financial, Financial Services, Home Equity, Insurance, Insurance Services, Loans, Money, Mortgage, Personal Finance

Market Conditions Spell Good News For Life Insurance Policy Holders

Homeowners often fail to review their life Insurance when searching for the cheapest mortgage deal, but with both the cost of cover and their mortgage balance having fallen, many could make substantial savings just by switching life insurance providers.

Many borrowers with repayment mortgages are unaware that to ensure there is sufficient life insurance to repay their mortgage, life insurance companies assume an average interest rate for the life of the mortgage, often around 10%.

As many borrowers have not paid anything like 10% recently, and have made overpayments, their mortgage balance may well be significantly below the amount of life insurance cover.

This gives them the opportunity to reduce the level of insurance and save money, or with the cost of life cover now cheaper and competition stiff, get the same amount or even increase their cover for the same monthly outlay.

One L&C customer recently increased their life assurance from £390,000 to £423,000 to cover their new mortgage, but managed to reduce their premium, saving themselves around £130 per month.

L&C’s Richard Morea said:
The UK population is massively underinsured as a whole, so taking advantage of smaller mortgage balances and reduced premiums provides a great opportunity to make better provision for our families, without breaking the bank.

For more information and no-fee advice, life insurance policy holders should call free on 0800 0731932.

Via EPR Network
More Financial press releases

Financial, Financial Services, Home Equity, Insurance, Insurance Services, Loans, Money, Mortgage, Personal Finance

London & Country Mortgages Are Looking To Educate Consumers About The Importance Of Life Insurance

The protection gap in Britain is often talked about with various reasons being given for consumer s not taking this important cover. These include life insurance is too expensive, state benefits will be enough and that it is just not necessary as savings will cover any expense or loss of income. The stark reality is that people just don’t think anything will happen to them.

It appears there is poor understanding about the chance of having a serious illness, being made redundant or having an unexpected bereavement in a family. L&C, the UK’s leading fee free mortgage and protection broker are looking to educate consumers about the importance of life insurance, critical illness cover and income protection through a series of short video films. The first, Why you should protect your mortgage talks about the risks and how these may be mitigated with the right cover in place.

This free video is available at, http://www.lcplc.co.uk/videos/protecting_your_mortgage. For a FREE no obligation protection review call L&C on 0800 0731932.

London & Country (L&C) is the UK’s leading no-fee mortgage broker. Based in Bath, it provides whole of market advice via telephone and post to clients nationwide. As well as residential mortgages, it also specialises in the Buy-to-Let and adverse-credit sectors.

Via EPR Network
More Financial press releases

Financial, Financial Information, Financial Services, Insurance, Insurance Services, Money

Find Security in Term Life Insurance

In the midst of massive job cuts, more and more people are finding themselves separated from benefits like healthcare and life insurance. While it’s not guaranteed that you will get sick and need healthcare, it is guaranteed that, one day, you will pass on. That makes life insurance possibly the most important insurance policy a person can have. But with all the kinds of life insurance out there, which one is the best for you?

According to a recently published article on Insuranceagents.com, any number of life insurance policies may work for you, but oftentimes the most affordable is term life insurance.

Term life insurance can provide you with some security between jobs or if you’re working only part time or at a temporary job. According to the Insuranceagents.com article, “Term Life Insurance: Get Peace Of Mind,” it doesn’t matter if you are a single, a married or single parent, old or young, rich or poor, term life insurance can be an affordable service for everyone.

It’s affordable because “it’s purchased for a specific amount of money and a specific amount of time (called the term). There is no cash value except for the death benefit. If you don’t die before the term runs out, the company owes you nothing,” which is why providers can afford to offer it for such a low rate, according to the Insuranceagents.com article.

“30 Year term life insurance is a competitive commodity so it pays to shop around and see where you can find the best rate,” recommends the article. “Using online quotes is a smart way to do just that. In no time you can compare rates and choose the carrier you want, without ever leaving home. Look for a name you can trust. There are many large insurance companies providing term life so it won’t be hard to find the right company.”

For more information or to receive life insurance rates from up to five local agents, visit InsuranceAgents.com.

Via EPR Network
More Financial press releases

Checking & Savings, Financial, Financial Information, Financial Management, Financial Services, Insurance, Investment, Money, Personal Finance

The Rise Of Stay At Home Dads

According to new research by leading Child Trust Fund (CTF) provider, The Children’s Mutual, contrary to concerns of an allegedly worsening work/life balance in the UK, many fathers are electing to be at home either full or part-time, looking after their little ones and taking care of the house. Figures refer to The Children’s Mutual Working and Stay at Home Dads research, undertaken by 72 Point. 2,187 dads interviewed in June 2009.

Following the birth of their children, 26% of dads decided to work part-time and nearly as many (24%) started working flexibly. 14% of dads chose to stop working outside the home altogether.

43% of these dads are responding to the current recession by spending even more time helping around the house, with only 27% feeling that they now need to become more focused on earning money.

Perhaps unsurprisingly, stay-at-home dads spend the greatest amount of their time each week looking after the children (4hrs 22mins) and cooking (3hrs 50mins), as well as arranging the family finances (3hrs 45mins). And even though they have more time to be with their children than full-time working dads, stay-at-home dads wished they could spend a further hour a day with their children.

David White, Chief Executive of The Children’s Mutual, said: “The changing role of dads within families is a positive step towards the greater recognition of what dads can and do contribute to family life. Dads play a vital role within their children’s lives and their homes, so it’s great to see these changing family dynamics.

“One of the most important roles for every dad is being a provider for his children, whether that’s as the main breadwinner or as the lead carer. Dads want to provide for their children now and will want to continue to do so as they grow up. One way dads can really help provide for their children is planning for the future and saving regularly over the long term. Contributing towards a Child Trust Fund is one of the ways dads can save for their children’s futures. By opening a Child Trust Fund early and saving regularly and encouraging friends and family to contribute too, dads can help to give their children a financial springboard into adulthood.”

Child Trust Funds are designed to provide a tax efficient, long term savings vehicle for all eligible children. Each eligible newborn child (born on or after 1 September 2002) receives a £250 Child Trust Fund voucher (£500 for low income families) from the Government when their parents register for Child Benefit. The Government will make a second contribution of £250 (£500 for low income families) when the child reaches seven and is considering a third in the child’s teenage years. Parents, family and friends can all then add to this account up to a maximum value of £1,200 each year.

Via EPR Network
More Financial press releases

Banks, Checking & Savings, College Finance, Credit Cards, Financial, Financial Management, Financial Services, Financial Solutions, Insurance, Insurance Services, Loans, Money, Personal Finance, Security

Recession Raises Fear Of Identity Theft

New research from Lloyds TSB has revealed 76% of adults are currently worried about identity theft and 39% feel more at risk now than they did six months ago, with the recession playing a major contributing factor. The research was conducted September 2009 by ICM for Lloyds TSB amongst 1,000 UK adults aged 18+ years.

Over half (52%) of those concerned about ID theft believe that the recession has increased the risk as rising unemployment drives more people towards criminal activity and ID theft. Coupled with this, is the fear expressed by 57% of people that social networking sites have made it easier to steal personal details – a 10% increase on those with the same worries last year.

The study shows that as many as 38% of Brits have experienced ID fraud, with almost half of those (18%) having been victims personally. However, 57% of those surveyed admit that they have not done enough to protect themselves and 25% don’t know how.

According to CIFAS, the UK’s Fraud Prevention Service, it takes an estimated 48 man hours to repair the damage resulting from fraud, and the cost to victims is frequently as high as £8,000. Typically, it takes an average of 539 days for someone to discover that they’ve been a victim of ID theft and it is on the increase; latest CIFAS figures show that it increased by 15% in 2008.

To combat this growing trend, Lloyds TSB has launched its ID Aware prevention and advisory service to help protect customers and bring them peace of mind.

Lloyds TSB’s ID Aware product allows customers to stay on top of their credit status and safeguard their identity, providing credit monitoring services and an early warning system to alert the customer to any activity involving their account. In addition, customers benefit from access to their credit status and payment history in one easy-to-understand document showing all credit cards, mortgages and loans. Credit alerts to warn the customer in the event that someone has been checking their credit status or doing anything fraudulent that affects their credit score. And if the worst should happen, expert help is on-hand. ID Aware provides 24 hour access to an advisor who will take control and set everything back on track.

Jatin Patel, spokesperson for Lloyds TSB commented: “As technology improves, it gets easier and easier for criminals to steal our identities and during tough economic times the temptation becomes greater. Protecting ourselves by shredding documents and protecting passwords is a good start, but having someone else keep an eye on your ID offers extra peace of mind.”

Lloyds TSB is also offering help and guidance through the National Identity Fraud Prevention Week (NIFP) which Lloyds TSB has supported from its birth in 2005. The Group will be putting up posters and providing leaflets in branches detailing ways to spot potential fraud. The bank is also giving information on how customers can protect themselves by safeguarding documents and making it as difficult as possible for criminals to access personal information.

Via EPR Network
More Financial press releases