SALLY SORTS IT: Why did HSBC allow us to raise his cover but then slash my husband's life insurance payout by £75,000? I used to work at HSBC, where I was part of a benefits scheme called My Choice. Through this, I took out life insurance of £150,000 for my husband. After a few years, I increased this to the maximum level of £250,000. The premium was deducted from my salary until my husband’s untimely death in 2021, some 11 months later. When I went to claim, however, I was told I could increase the level of cover only by increments of £25,000 each year and, as such, I would not be entitled to the amount of cover for which I had been paying. So I received £175,000 — £150,000 plus one year...
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A former journalist, Boris Johnson ’s command of the English language has often enabled him to dazzle crowds, helping him to win his party’s leadership contest in 2019 and the general election that followed later that year. But while the outgoing PM has frequently used rhetoric (critics might call it bluster) to his advantage, his words - and his ability to put his foot in his mouth - have landed him in trouble on plenty of occasions too. As Mr Johnson bows out as PM, The Independent takes a look at some of his most memorable quotes during a political career spanning two decades. A great place to start is Mr Johnson discussing his odds of becoming prime minister in 2004 while answering...
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The Savvy Senior | Ways to Pay for Long-Term Care Without Insurance or Savings Popular Searches What types of financial resources are available to help seniors pay for long-term care? My 86-year-old mother will need either an assisted living facility or nursing home care in the near future, but she doesn’t have long-term care insurance and her savings are minimal. The cost of assisted living and nursing home care in the U.S is very expensive. According to the Genworth cost of care survey tool, the national median cost for an assisted living facility today is over $4,600 per month, while nursing home care runs more than $8,100 per month for a semi-private room. (See to look up costs in...
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Old Mutual launches digital platform for insurance brokers The Nigerian subsidiary of pan-African insurance firm and global financial services provider, Old Mutual Limited, has launched a bespoke online platform for brokers, one of the most critical stakeholder groups in the onboarding of insurance customers. During the launch in Lagos, the company said this was part of its commitment to enable Nigerians to easily access insurance products. “The innovative digital platform would ensure online service delivery to the insurance broker is seamless and convenient, thereby engendering a rich engagement experience for their customers,” the company said. It said the platform served the end-to-...
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Gilmore Girls may not be a Netflix original show, but it has found a home on the streaming service, which aired its 2016 reunion special, A Year in the Life. Now a staple of the platform, fans of the show have loved revisiting Stars Hollow and its quirky inhabitants. Gilmore Girls remains a beloved jewel of the noughties, thanks to its fast-paced, pop culture-filled dialogue and unforgettable characters. One of the most memorable is Richard Gilmore, the patriarch of the Gilmore clan. Stern, dependable, old-fashioned, and hard-working, Richard was unique among the show's quirky ensemble. However, he also had a distinctive sense of humor, as evidenced by his most memorable and iconic quotes...
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Mascots in advertising have been around since the Gerber Baby, Ronald McDonald, Mr. Peanut, and Tony the Tiger. The GEICO insurance company is credited with rolling out the first animated mascot, the gecko. They gave him a charming British Cockney accent complete with tiny cars and life-sized props. Since then, other insurance companies have got on board with their own mascots and found a great way to humanize their brands. Why do Insurance Companies have Characters/Mascots? Today, the GEICO gecko, the Aflac Duck, and the white-aproned Flo—and more--are the avatars of insurance industries, whose products are beyond the understanding of ordinary folks. So, insurance mascots and characters...
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There's a famous quote from Allen Saunders that says, “Life is what happens to us while we are making other plans.” Personal Finance is one of the best examples for this. I am sure that many of us have made a budget that helps us determine the amount we want to spend every month. While doing this is excellent, none of us can predict when disasters will strike, and in situations like this, you must have some funds to help you solve your problem. There are times when you may need an emergency loan. For instance, there could be a medical emergency, or you might have lost your job and need help paying the bills. In such situations, MoneyTap can help you with its personal loan products. With...
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It’s Possible To Live a Life Without Debt One important financial tip that is critical to learn early, is that while debt may be common, it is very possible to live a life without it. “We seem to all assume there is no choice but to take out debt,” Jay Zigmont said, CFP and founder at Live, Learn, Plan. “We even get taught there is ‘good’ and ‘bad’ debt. The reality is that it is all debt is money we owe to others. Debt is stealing from your future. Once you are debt-free you can invest in your own future, not the banks.” While sometimes debt is inevitable, other types of debt are engrained as “normal” in society, when it’s actually completely unnecessary. A great example of this is car...
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stockfour / Shutterstock.com Dropping life insurance coverage may seem risky, but there are times when it makes good financial sense. The main purpose of life insurance is to support dependents when you die. If others no longer rely on your income, the money you spend on premiums could be put to better use — perhaps spent on day-to-day living expenses or saved for retirement. If you keep a policy that you no longer need, you’re wasting money. Following are circumstances in which you might be better off without life insurance. 1. You’ve found a better deal Iurii Stepanov / Shutterstock.com The life insurance industry is competitive, so it pays to comparison shop. Sites like...
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Insurance can be a tough game to play. Even after talking to multiple clients in a day, they still might all wind up saying no to a winning sales pitch. Even the best producers can feel demoralized in these unfortunate situations. But veteran agents know it’s important to keep pushing forward because the next call might be the yes they need. How do these top producers find the will to pick up the phone after one too many rejections? Sometimes it just takes reading or hearing the right words. We reached out to several producers in the industry and curated their favorite motivational quotes for insurance agents. Keep reading to see the insurance agent quotes they look to for inspiration –...
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