Live Insurance News

What is the Average Cost of Life Insurance for a Person 50 Years Old or Older?

January 21, 2025January 20, 2025 PR Article

Life insurance plays a vital role in financial planning, particularly for those aged 50 and older. At this stage in life, many people begin to think seriously about providing for their loved ones, covering outstanding debts, or securing their legacy. However, the cost of life insurance for individuals over 50 can vary widely depending on several factors. Why Consider Life Insurance After 50? Life insurance becomes increasingly relevant as we age. For many, this period of life is about ensuring that family members are financially secure, particularly if they depend…

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…

Philip Morris launches Reviti life insurance company with discounts for smokers who quit

April 26, 2019April 26, 2019 Nordstrom

Reviti Life Insurance - Smoking - cigaretes, Ash tray

The tobacco giant has started its own insurer with special discounts for smokers working on cessation. Philip Morris International, the tobacco giant behind Marlboro cigarettes, has just opened its own insurer called Reviti life insurance. Reviti is a wholly owned subsidiary of Philip Morris that will begin selling life insurance in the UK. Though Reviti life insurance will start in the United Kingdom, the intention is to expand its sales into markets overseas as well. That said, what is interesting about this life insurance company owned by the tobacco giant…

Life insurance controversy sparked in the United Kingdom

April 1, 2015March 30, 2015 S.Vagus

Financial Conduct Authority criticized for breaking its own rules The Financial Conduct Authority, a financial regulatory body in the United Kingdom, may have mishandled its review of the life insurance industry last year, according to a report from a committee of members of the British Parliament. The report is the latest development in ongoing controversy regarding the Financial Conduct Authority’s plans to review the life insurance sector. This review has had a significant impact on the sector, with the regulatory body wiping some $4 billion off the value of insurance…

Life insurance product from Barclays classed as “simple”

August 22, 2014August 20, 2014 Nordstrom

Life insurance policy is the first of its kind to be designated as a “simple” product A new life insurance policy being sold by Barclays and underwritten by Aviva has become the first product of its kind to be classified as “simple” by the British Standards Institution. Last year, the Bank of England issued a report regarding the need for simplistic products within the financial services sector. Typically, many insurance products are difficult to understand because of their complex nature. This can make it difficult for people to find the…

Life insurance is now cheaper for vegetarians

July 3, 2013July 3, 2013 Julie Campbell

A diet that no longer contains meat can now help to reduce the price for some people’s policies. A life insurance company from the United Kingdom has recently announced that it has created a special policy that is meant to reward vegetarians for their healthy lifestyle choices through lower premiums. These policies are being offered to consumers in the UK, and India is hoping to be included, as vegetarianism is common. The reasoning behind these vegetarian life insurance policies is that people who live this lifestyle tend to make healthier…

Insurance news from the European Union shows prices will increase for women’s life policies

August 27, 2012August 27, 2012 H. Cutner

When the regulations regarding gender kick in, women will pay more for coverage. Women in Europe who have heard the latest insurance news are rushing to take advantage of the shrinking window of opportunity that is available to them to obtain a life policy for a lower price. When the regulations against using gender as a factor in calculations kick in, women will lose their discount. The main insurance news attention regarding the way that gender will no longer be allowed to calculate premiums has been focused on auto coverage,…