Growing numbers of Britons are swapping cold and rain for warmer climes abroad when it comes to purchasing a second home. Retiring Britons are purchasing properties abroad and currently one million British pensioners draw their state pension from outside of the UK, according to the Department of Work and Pensions. Read more...
Several questions arise when you decide which insurances to take out. Research carried out by Scottish Widows showed that one out of five British parents (2.2 million people) were underinsured. This means that in case of an unexpected fatality they would not be able to assume the financial losses and end up in debt. Although you should be precautious, it is not necessary to purchase all available policies. In fact, it is also very easy to be over insured because of lack of information or fear of loss. Read more...
21.04.2006 Life insurance could be jeopardised if holders don’t give honest accounts of how much alcohol they drink. Many insurance companies follow National Health Service (NHS) Guidelines, when it comes to how much alcohol consumption they believe is acceptable. According to the NHS this is a maximum of 21 units per week for men and 14 for women.
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21.04.2006 Critical Illness Cover (CIC) insurance policies pay a lump sum of money to holders who are diagnosed with a life-threatening condition. But over the past couple of years, premiums for this kind of insurance have soared. This is because medical advances have meant that illnesses once considered critical, no longer are so. Sophisticated detecting equipment and advanced treatments have meant that many conditions which would have killed in the past, are now being survived. As a result more people have been claiming for conditions which turned out not to be life threatening. The result has led to premiums going up by about 70 per cent in recent years. Read more...