Tag: income protection

Post Office reveals the most common misconceptions about life insurance & answer what is covered by life insurance

Guest Author
insurance claims and what you need to do

The most common misconceptions surrounding life insurance relate to how the policy pay out works and how life assurance differs from insurance.   Providing financial security for their family is named the most popular reason for taking out life insurance.   Policy holders were just as likely as those without life insurance to fall victim to misconceptions. Almost a fifth of people (18%) with life insurance do not understand the terms by which their beneficiaries would get a pay-out from their policy in the event of their death according to a survey…

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How proper insurance planning can save a financial life

Breast cancer awareness month, October, is reminding people of the importance of proper insurance in order to protect themselves, their businesses, and their financial wellbeing in the case that they should receive a cancer diagnosis. Current statistics show that one out of every eight women will receive a diagnosis of breast cancer in their lifetimes, and the impact on their financial lives can be catastrophic. The Macmillan Cancer Support Charity’s data shows that among all cancer sufferers, 36 percent must face a significant decrease in their household income following a…

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Investment losses cause health and accident insurers to struggle

Health and Accident insurance companies are finding themselves facing a hit in their earnings, recently, as a result of investment losses coming from struggles in the shaky European economy. Banks from Ireland, Portugal, and Greece, have all faced challenges which have led companies such as AFLAC Inc., who have placed a good deal of their investments with them, to experience some notable losses. AFLAC has announced that it will likely face losses in the second quarter that will reach $610 million as a direct result of these investments. The insurer…

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