When you take out life insurance, one of the things you will be asked is who you would like to benefit in the event of your death, i.e. who will your beneficiary be. But while choosing a life insurance beneficiary may seem like a straightforward task, there’s actually more to it than you might think. After all, it’s an extremely …
Death In Service Vs. Personal Life Cover: Which One Is Right For You?
We often get asked by clients what the difference is between death in service (also known as group life cover) and personal life insurance. As such, here’s what you need to know about the difference between the two: What is death in service? Death in service is an employee benefit sometimes provided by employers that is designed to pay a …
PMI Most Desired Benefit For Employees – Study Finds
A new survey has revealed that a significant proportion of employees want Private Medical Insurance (PMI) added to their workplace benefits programme. According to the poll by employee services business Personal Group, four in 10 (40%) employees indicated that they would like to see PMI offered as part of their benefits package, making it the most desired benefit. Discounted gym …
What Constitutes A ‘Non-Smoker’ In The Eyes Of Insurance Companies?
For many smokers, one New Year’s resolution will have been to kick their cigarette habit once and for all. And what better time than now to give up! That’s because success rates for quitting smoking are higher than they have been for a decade. When you consider the damage that smoking does to the human body, it is obvious why …
Do You Have Prediabetes? Would You Even Know?
You’ve almost certainly heard of type 2 diabetes. Unfortunately, it’s a condition that is dramatically on the rise in the UK. In fact, according to Diabetes UK, 90% of all people diagnosed with diabetes have the type 2 form. Moreover, it is estimated that there are nearly one million people who have the condition but don’t know because they haven’t …
Is Selling Your Life Insurance Policy Right For You?
Did you know that you can sell a life insurance policy you hold (providing you meet the criteria) and release a lump sum amount of cash? If you didn’t, we are here to tell you a little more about the process and help you decide if selling your life insurance policy is the right decision for you. What Is A …
Festive Drone Chaos At Gatwick Highlights Why Having Suitable Travel Insurance Is So Important
The recent chaos involving a drone at Gatwick airport caused some 1,000 flights to be cancelled and ruined the travel plans of around 140,000 passengers. But while the drone incident was unprecedented in its nature, it highlights how even the best-laid plans can be severely interrupted by totally unexpected circumstances. It is a situation that also highlights why having travel …
Would Incentives Encourage You To Do More Physical Activity?
Could the shared-value insurance model and wearable fitness gadgets have a profound impact on people in the UK’s physical activity levels? A ground-breaking new study from an independent research institute suggests they might. According to RAND Europe’s latest Incentives and Physical Activity report – the largest of its kind based on verified data – using Vitality Activity Rewards combined with …
Why Vaping Is Having Such An Impact On Insurance Underwriting
The UK is regarded as one of the most “vape-friendly” countries in the world, having embraced the e-cigarette trend as a much safer alternative to smoking. Indeed, according to new figures from anti-smoking charity Action on Smoking and Health (ASH), an estimated 3.2 million in Britain now use e-cigarettes or vapes. Among those who vape, more than half (60%) have …
Is Protecting Your Phone More Important Than Protecting Your Family?
Do you automatically take out insurance every time you buy a new mobile phone? What about your pets – are they insured too? If you answered ‘yes’ to either of those questions, then you already know about the importance of insurance for safeguarding your possessions and furry friends. But what about protection for your family? Do you have a safety …
Critical Illnesses Cost UK Economy Over £15bn A Year
Critical illnesses cost the UK economy more than £15 billion a year, and some of those affected still suffer significant long-term consequences even after they’ve returned to work, according to new research. Legal & General’s Cost of Critical Illness report shows that cancer, strokes, Multiple Sclerosis (MS) and coronary heart disease are the four most prevalent critical illnesses in the …
What Is The Real Cost Of Getting Medical Treatment Abroad?
One in 10 British holidaymakers does not secure suitable travel insurance before venturing abroad, a decision that leaves them at risk of facing potentially astronomical medical bills should they become unwell or injure themselves, says Moneysupermarket. In fact, when you consider that one in 10 Brits requires medical treatment while holidaying abroad, it’s actually quite a significant risk many holidaymakers …