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

November 29, 2022December 21, 2022 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…

Are you making one of the most common life insurance policy mistakes?

November 20, 2011May 7, 2013

Life insurance, and the decision to buy it, is among the most critical financial decisions that an individual will make in his or her lifetime. That said, most people will purchase a policy without fully understanding all of its various features, meaning that the majority of policyholders are not taking advantage of everything that their products have to offer. Experts in the life insurance industry have compiled a list of the most frequently overlooked life insurance features. The following are some of the points that made the list: • Premium…