Financial Protection Items

Value for money travel insurance

Getting value for money travel insurance is an essential element to completing any dream holiday. By shopping around and making the most of comparison sites, existing insurance policies and special offers you can ensure that you are protected, without removing a huge chunk of your budget.

Half of life insurance claimants are under 55

Scottish Provident has today revealed that 50% of its life cover payouts during 2011 were made to policy holders under the age of 55 years old. The insurance provider is urging people to take control of their finances in 2012 to better protect themselves and their families.

Brits more likely to insure pets than their own lives

Animal lovers are more likely to take out insurance for their pets than their own lives, new research has revealed. According to comparethemarket.com, three times as many people get a quote for pet insurance than they do for life insurance.

Budgeting Brits refuse to forego luxuries

Cash-strapped Brits are cutting back on basics such as food and clothes in order to keep spending on ‘lifestyle essentials’ such as holidays and nights out. Protection specialist LV= found the average household splashed out £5,850 on the top 10 luxury items in the last year.

Three quarters do not have 'sufficient' financial protection

New research from a price comparison site claims 1.5 million homeowners may not have enough life insurance to pay off the mortgage in the event of a death. Gocompare.com says this could leave many families with a sizeable mortgage debt to cover if one of the billpayers were to die.

Consumers 'more worried than ever' about finances

Families are more worried than ever about the cost of living amid falling incomes and rising debts, research reveals. A new report by Aviva found consumers saw annual inflation increase dramatically on essentials such as food, fuel and lighting.

Families urged to protect sole incomes

Families who rely on just one salary are being urged to make sure they have adequate insurance in place should anything happen to that income. A new report by Aviva found more women are choosing to stay at home as high childcare costs are leaving them worse off in some cases.

Clued up parents to get creative this summer

Savvy parents are to get increasingly creative this summer in order to keep the kids entertained without breaking the bank. According to LV=, mums and dads face forking out a collective £8.6bn in childcare and entertainment during the six-week holiday.

'Get cover in half the time with LV='

Consumers looking for financial protection products can now get cover in half the time with LV=. The leading provider has reduced the time taken to complete its tele-interviewing process by 50 per cent over the last 12 months.

Income protection take-up 'alarmingly low'

More needs to be done to educate consumers about the importance of income protection products, according to Scottish Widows. Research by the company found millions of households are leaving themselves vulnerable to financial hardship.

Life insurance 'simplified' with Aviva

Four out of five Aviva customers get an almost immediate decision on life insurance using the company’s new online system. The first of its kind, the ‘quote and apply’ system enables people to secure £500,000 worth of cover in minutes.

Millions of women are not financially protected

Millions of women are failing to protect themselves financially, according to a new report. Protection specialist, Bright Grey, says many families could be left exposed as women fail to protect their incomes.

Working women need to get protected, research claims

Women are now the main breadwinners in almost half of families, but they are failing to protect themselves financially, according to new research.

Couples advised to look at single or joint policies

Couples are being advised to consider whether they should take out single or joint life insurance policies.

Most families feel financially unprotected

The majority of British families do not feel they would be adequately protected in the event of redundancy, critical illness or even death. In a report by Aviva, 93 per cent of families said they do not have enough financial protection.

Financial protection is essential, say IFAs

The majority of independent financial advisors (IFAs) believe protection products are 'essential', despite consumer apathy, a survey has found.