Do you need life insurance? Life insurance can help your loved ones in the event of your death. But do you really need life insurance and is it essential? Many people find that life cover gives them greater peace of mind for their family’s financial security if they were to unexpectedly pass away. We look at the benefits of this
The Importance of Insurance Against Loss of Income Income insurance is a valuable type of policy. Insuring against loss of income could provide you with an important financial buffer if you were to fall sick or have an injury. In this blog, we look at why you should consider income insurance and how this type of policy works. In 2023,
Update on First Time Buyers Relief Over recent years, many first-time buyers in the UK have struggled to purchase a property, due to interest rates and rising costs. If you fall into this category, are you aware of first-time buyers’ relief? There are some government schemes that can help you buy your first property. In this blog, we look at
Payouts and policies rise in 2022 Insurers supported people experiencing bereavement, illness, or injury to the tune of £6.85bn in 2022, according to latest figures from the Association of British Insurers (ABI). Upwards trend This total includes payouts from group and individual protection policies. Individual policies paid out £4.64bn on life insurance, income protection and critical illness claims, while group
Considering choosing a ‘mammoth mortgage’? A standard mortgage used to run for 25 years but there is a growing trend for so-called ‘mammoth’ loans spread over up to 40 years as first-time buyers and movers opt for lower monthly payments. A dramatic increase According to UK Finance, the last two years have seen a dramatic increase in 40-year mortgages. In
Check you have the right protection in 2023 The start of a new year is an ideal time to reassess your finances. Protection should be near the top of your list in 2023. Get protected The right protection for your unique needs is an indispensable safety net against any unexpected downturn in your financial situation. As we head into 2023,
Is now a good time to remortgage? Mortgage rates fell back in the last few months of 2022, having surged after September’s ‘mini-budget’. If you’re thinking about remortgaging, could now be a good time to secure a deal? Bank Rate blues The Bank of England has increased Bank Rate throughout 2022 and is expected to continue doing so in the
