Life Insurance

Many over 55s are confused by financial products

Latest research from Age UK Enterprises reveals that 61 percent of over 55s are confused by financial products. Only around one in three (30%) over 55s are confident that all the financial purchases they have made are best for their needs.

Why Brits don’t bother with Critical Illness Cover

New research from Confused.com has revealed the reasons why so few Brits have taken out Critical Illness Cover, which pays out a lump sum if the policyholder develops an illness or condition covered in the policy.

HSBC launches Maximum Investment Plan

HSBC has announced it is to launch an open architecture Maximum Investment Plan for sale through IFAs. The HSBC Maximum Investment Plan (HSBC MIP) is a ten year regular savings plan with life cover, providing investment returns which are not subject to higher rate income tax. It is designed to help IFAs with long term, tax efficient savings planning for their high net worth clients.

Six in ten Britons are without any form of protection

According to Scottish Provident's new Financial Safety Net Report 58% of Britons do not have any type of protection in place and 31% would be forced to drastically cut back on living costs should they or the main breadwinner be unable to work for a prolonged period of time.

Ideal retirement

The ideal age for retirement is considered to be 60, according to a new survey.

Going without a daily coffee is more than my life is worth

New research from Confused.com has revealed that only four in ten adults have life insurance, with 30% of people claiming that they don't have it because they can't afford it.

One in two mortgage holders do not have life cover

Nearly one in two mortgage holders in Britain (43%) do not have their mortgage contributions covered by life insurance, new research from Sainsbury's Life Insurance indicates.

Brits baffled by benefits from the welfare state

Nearly 40 million Britons are unclear of what kind of financial support they would receive from the Government in the event they or a family member were diagnosed with a serious illness, suffered a bereavement or a disability, according to Scottish Provident's Financial Safety Net report.

How long would your ‘financial safety net’ last?

Almost four million Britons will be unable to maintain their current lifestyle beyond February 2011 if they had to live off their current ‘emergency' financial provisions, according to Scottish Provident's Financial Safety Net report.

One-third of new debts do not have life cover

A report by independent financial research company Defaqto has found that almost one-third of new debts do not have life cover associated with them.

Health shock for new retirees

For millions of Britain's retirees the first five ‘golden years' bring unexpected life change and financial strain, according to research from leading flexible retirement solutions provider LV=.

Risky attitudes to life insurance

Less than half the adult population have life insurance cover, and that even fewer have ever switched their life insurance provider, meaning that as a nation we are under-insured and could well be over-paying for inadequate cover, according to research from Confused.com.