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Not enough women taking out life insurance

Wednesday, May 19, 2010

Even though women are more financially interested integral than ever before, a recent study has found that many of them were completely unaware of their importance to family finances.

Astonishingly, over a third of women believed that it was not necessary for them to take out life insurance cover whilst a quarter of them had never even thought about the prospect.

It was also revealed that only one in five women had critical illness cover, an alarmingly low number.

Howe ... Read full article

Category: Life Insurance

Life insurance payouts on the increase

Tuesday, May 18, 2010

Recent reports claiming that the life insurance industry has increased payouts will come as welcome news for claimants and policy holders.

Research conducted by statisticians Moneyfacts, showed that an average of over 90 percent of claims were paid out in 2009. They also revealed that Aviva, the UK’s biggest insurer, paid out £118 million on critical illness policies alone in 2009.

The study did, however, pinpoint the discrepancies in how insurers deal with claims, with Legal a ... Read full article

Category: Life Insurance
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