A recent report has indicated that consumers across the UK could be wasting thousands of pounds on useless insurance policies that they can either never claim on or that cover them for something that they are already covered for by some means or another. The report comes from the consumer group Which? with officials from the group stating that many consumers are wasting money on ‘useless and expensive’ cover which in many cases is simply not needed. Read the rest of this entry »
Popularity: 72% [?]
UK consumers that have insurance policies such as critical illness cover and life insurance cover could soon be enjoying increased fairness as a result of new regulations that could mean that insurance companies will not be able to deny claims as easily as they have been able to in the past. Insurance companies have come under fire in the past because they have denied claims on this type of cover because of information that they claim was not given at the time of applications, and this has left many claimants high and dry when it comes to making a successful claim on a policy that they have been paying the premiums on. Read the rest of this entry »
Popularity: 69% [?]
On July 1st 2007 new regulations came into force in Britain banning smoking in any enclosed public areas. Smokers are now no longer allowed to smoke in bars, pubs, clubs, restaurants, and other venues where smoking was previously allowed. As a result of this many smokers have decided to try and quit the habit, and for those that are successful there could be a fair amount of extra money available each month that can be invested elsewhere. This comes from the savings on the cost of cigarettes, which can be considerable for heavier smokers, as well as reductions in areas such as life and home insurance policies.
Financial experts are now offering advice on how ex-smokers could start using this extra money to benefit them most. It is thought that heavy smokers could be saving thousands of pounds a year on the cost cigarettes, and even lighter smokers could be looking at annual savings in excess of £1000. There are many different ways in which this additional disposable income could be used by ex-smokers, and advisers have suggested a number of options that consumers can look at to make the most of the money that they save.
One suggestion put forward by financial experts is to invest the money in a high interest savings account such as an ISA, where it can accrue high levels of interest each year and could really add up over time. Homeowners that quit the habit could also cash in by increasing the repayments on their mortgages. This could save them a fortune in interest payments over the term of the loan, and could cut the term of their mortgage, enabling them to get out of debt more quickly.
Another suggestion is to invest the money for the future in some form of retirement fund, and for younger smokers with more time to save this could add up to a considerable amount that could lead to a far more comfortable and enjoyable retirement.
Popularity: 97% [?]
Life insurance is a very popular and beneficial form of insurance cover, and there are two types of life insurance that are available, which are term life insurance and whole of life insurance. According to a recent report the popularity of term life insurance in the UK is soaring compared to whole of life cover, with consumers appearing to favour the cost efficiency and simplicity that comes with term life insurance cover compared to the latter. Read the rest of this entry »
Popularity: 66% [?]