Does life insurance cover suicide?
When an individual’s family claims life insurance, few topics are as sensitive and complex as those surrounding suicides. Contrary to a straightforward “yes” or “no” response, the handling of suicidal death claims in the UK can be complex and subject to various factors. One crucial aspect that shapes the outcome of such claims is the […]
Is life insurance inheritance taxable?
Understanding what life insurance is can bring about a host of questions, especially regarding taxes and how they may affect your policy’s payout. It’s essential to know the ins and outs of life insurance taxation to ensure that your loved ones receive the intended financial support without unexpected deductions. Life insurance provides a lump sum […]
How to choose life insurance.
Life insurance is one of those topics that many of us prefer not to dwell on too much. However, ensuring that you have the right policy in place is a crucial aspect of financial planning. By overlooking life insurance, you leave your family at risk of becoming vulnerable to financial hardship if you were to […]
Does private health insurance cover cancer?
Private Medical Insurance (PMI) can offer valuable peace of mind, particularly for those facing health challenges like cancer. However, it’s essential to recognise that not all policies are created equal, and understanding the terms and conditions of your specific policy is crucial to making sure you have the cover you need when you need it. […]
Can you have more than one life insurance policy?
When you take out a mortgage or other significant financial arrangements are made, financial advisers may refer you to an insurance broker to consider life insurance. If this is the case, but you already have a policy in place, you might wonder whether it’s possible to amend or add to your life insurance cover to […]
Can cancer patients get insurance after their diagnosis?
Receiving a cancer diagnosis is a life-altering event that comes with numerous challenges. Among these challenges is the question of how your diagnosis will affect your finances and those of your loved ones. One common worry is about whether or not you’ll be able to obtain life insurance. Especially if you’ve experienced a decline in […]
How much is life insurance?
Life insurance is a critical component of financial planning, a way of providing security for loved ones in the event of the policyholder’s death. However, not all policies are created equal. In fact, they can vary significantly in terms of length and value. Understanding the factors that influence these variations is crucial for making informed […]
Does critical illness protection cover cancer?
As we get older, the risk of being diagnosed with a serious illness increases and many illnesses can be life-changing. In 2022, Group Risk Industry paid out £2.1 billion in claims to families. Which works out to be £6.05 million per day. Notably, the main claim across all products was cancer. There are ways to […]
Do I need cancer insurance?
Life insurance can seem confusing at the best of times, but if you have a pre-existing medical condition, you might wonder if you’ll be accepted for any life insurance at all. This can be particularly true for cancer survivors. Even if you’re in remission or cancer-free. Insurance providers may also perceive you as a higher […]
How does life insurance work?
Every day, we take calls from people who are searching for life insurance for the first time. Often, they know they want some form of financial protection for their loved ones. However, they’re not sure exactly what they’re looking for or how it works. If that sounds familiar, don’t worry. Life insurance might sound complex, […]