Category: Life Assurance
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Life Assurance
Life Insurance is like a parachute, if you don’t have it the first time you need it, there will likely be no second chance!!! The importance of Life Insurance is often not realised by many until it’s too late. If you can relate to this and would like more information, you should be speaking to…
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Watchdog finds over-50s misled by funeral cover claims
Just a point to note from last weekend’s Telegraph. People aged over 50 are being misled by life insurers that imply their policies will cover funeral costs in full but instead leave families with bills to pay, according to an Article in the said newspaper. As a result, the Financial Conduct Authority has issued a…
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Unheard of tax costs households over £200 per year
Did you know that Insurance Premium Tax (IPT) costs each household more than £200 per year, and raises more than beer and cider duty, while also rising faster than taxes on cigarettes, despite half the population having never heard of it. Levied at 12% on most general insurance premiums, IPT has doubled in the past…
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Shocking Stats Identified by HSBC
Only 7% of people in the UK who support someone financially have spoken with a professional adviser about long-term financial protection, according to new research by HSBC. In the UK, 27% of the population who are supporting someone financially, have never had a conversation with anyone about long-term financial security should something happen to them, not…