Life insurance can feel like a complex beast to navigate. But fear not – we’re divulging our top life insurance tips to help you get the cover you need for the best price. In This Guide: Choosing the right type of policy in the first instance is our top life insurance tip. It’s important to remember that, just like any other type of insurance, policies will have a term. That means you won’t be eligible to claim after the term ends, regardless of how long you’ve been paying into it. The exception to this is whole of life insurance, for which there is no policy term and you’ll receive a pay-out whenever you die, be that in five years of fifty. Other policy...
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We regularly see the difference having life insurance can make to bereaved families. So, when our survey of 500 people whose partner passed away in the last five years showed that, for most families (65%), the partner didn’t have life insurance, we wanted to highlight how having cover could make a big difference, when it really matters 1. So they’re financially comfortable The loss of a partner will inevitably impact the family’s finances and affect their level of financial comfort, whether or not they were the main breadwinner. But in our survey, there was a noticeable spilt in confidence levels between those whose partner had life insurance, and those who didn’t have that protection....
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Finding honest, reliable and the best Life insurance advice can be a struggle within a market full with options. However, at Seven Bridges Life we want to make your search an easy one. We have years of experience and extensive industry knowledge. All this has allowed us to become one of the premier advisors for life insurance in the North East. Committing yourself to a policy is a serious decision. Seven Bridges know that our Life insurance advice will lead you to making the best decision for yourself. Which policy is right for you? Why seek professional advice? Why choose Seven Bridges Life? What is life insurance? Essentially, a life insurance policy offers you and your family financial...
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ERIE, Pa., Sept. 6, 2022 /PRNewswire/ -- Major life changes like getting married, starting a family or buying a house are often when people start thinking about buying life insurance. Now, more than ever, people are more concerned with their financial security. Buying a life policy can be a process that sounds intimidating or confusing – but it's also very important. During this Life Insurance Awareness Month, Erie Insurance shares five points to discuss with your agent when buying life insurance for the first time. Understand who (or what) you are protecting. While anyone experiencing a significant life event like getting married or starting a family often recognizes the need for life...
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Robo-advice is a digital service that collects information from users and provides automated advice based on their requirements. This relatively new technology is developing increased numbers of applications in the financial services industry. SCOR has undertaken a survey with a panel of 463 U.S. consumers to provide insights on attitude towards robo-advice for life insurance. Authored by Aisling Bradfield, Head of Behavioral Science at SCOR, this survey report provides insights and analysis on consumers’ view of this next-generation tool. With the evolving online and direct-to-consumer channels, robo-advice has an important role to play in bringing advice to these channels to support...
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Life insurance is something everyone needs, but not everyone has. Maybe you’re young and healthy and don’t see the need for it. Maybe you’re tight on finances and think you can’t afford a policy. Maybe you just don’t know where to start. We’ve gathered five life insurance tips from a Frankenmuth Insurance expert to show not only how important life insurance is, but how affordable and easy it can be. When considering how much life insurance you need, take a look at these five tips: Tip 1: Look into your employer-provided coverage. Do you or your spouse have a life insurance policy through your employer? If you do, look closely to see how much is covered. Most employer-provided insurance...
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askpaul explains about Life Insurance Cover: I’m going to have a quick run-through with you about Life Insurance Cover. It’s not the prettiest thing in the world to be talking about, I suppose, but, I think there are a couple of really basic things that everybody needs to know about. One of those things is a requirement for Life Cover and how much Life Cover you should have. So, let’s take the situation of a married couple that has a mortgage. Now, before I get into this example it’s very important to understand that everyone’s circumstances will be different. So, it does depend on your circumstances. But, if you were married and you have a mortgage and...
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Your spouse is one of the most important people in your life — someone you love, trust and rely upon every day. But when it comes to life insurance, your spouse may play an even more important role than you realize. The spouses of service members are often in charge of the “home front.” They may be the ones paying the bills, dealing with household tasks and managing family schedules. This makes your spouse a knowledgeable resource when thinking about how much life insurance you need. Your spouse knows the ins and outs of your family expenses and debts and can give you a clear picture of how much monthly income your loved ones would need to maintain their standard of living in the event of...
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Why do I need life insurance? Life insurance and mortgages You’ve had your offer accepted on the house you want to buy, and you’ve just had confirmation of your mortgage approval. Hurray! Now all that’s left to do is sort out the insurances you need before moving into your brand new home! But with so many different insurance policies available, it’s not always clear which are a legal requirement to get a mortgage, and which aren’t. Do I need to take out life insurance to get a mortgage? Contrary to popular belief, you do not need to take out life insurance to get a mortgage. One of the main reasons why people take out life insurance is to ensure that their families can carry on paying the...
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Life Insurance Advice in Manchester What is mortgage life insurance? Life insurance helps protect those you love if you die before you paid off all your mortgage payments. It will provide them with a lump sum to pay the remaining balance and have one less financial strain in an already difficult time. Here Malcolm has compiled a video to talk to you about the significance of having the correct insurance in place for your situation. Dedicated Protection Specialist If you are looking for life insurance advice in Manchester, please get in touch to speak to a Life Insurance Specialist in Manchester. We give all/existing customers a free, no-obligation protection review that can often be...
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