Tuesday, 13 April 2010

Life Insurance for Parents

Approximately 7.5 million people who are employed in UK have their life insurance through their employer. Apart from that one needs to check what cover he or she has and decide whether this existing cover needs to be topped-up. With employer provided cover, it is important to note that life insurance cover will be lost when you leave that employer for whatever reason.

The most popular type of Life insurance is Term or Fixed Life Insurance. This type of cover is quite simple in a sense that it never changes during the life of the insurance policy. It stays the same till the end and in the case of you die, beneficiaries are going always to receive the same amount. After this policy expires, beneficiaries loose any right to compensation. It is common to arrange that this lump payment is equal to ten times the annual earning.

Term assurance policy is flexible enough so that it can include critical illness insurance or, so called, long term insurance. What this means is that, in case of development of a serious and threatening medical condition, you will receive a monthly payment that will cover you till the time you are due to retire.

It is not always the best option to go for cheap insurance quotes, since one should understand what he or she is getting for the money. While express insurance will save you time, it might cost you a dear in a long term if you are not getting the service right for your circumstances.

At AbbotFinancial.com we can give you a online insurance quotes that are teilored to your needs.

Monday, 18 January 2010

Review of Prudential Life Insurance

If you are looking for life cover it would be unwise to miss Pru Life Insurance. While quotes from Prudential are not geared towards the economy class, they certainly have few equals when it comes to covered critical and terminal illness conditions. Prudential covers for 154 illness conditions, while industry's average is around 35. There are other features, like discounts for membership in a selected health clubs. In other words, Prudential Life Insurance is life cover provider for the higher end of the market.

The way it works with Prudential Life Insurance is that you do not have many different products, but you instead have one starting product which you can customize by adding various options.
We only have enough space for a brief introduction here, but if you would like to read more check out our full review of the Prudential Life Insurance on our site: AbbotFinancial.com.