Protection: Only 25% of families are covered if the worst happens

Only 25% of families are protected if the worst happensThe number of parents who have adequate protection should they die or become seriously ill is falling to dangerously low levels. Parents with dependent children have a number of options to ensure their family can cope financially in the event of serious illness or death; these include Life Cover, Critical Illness Cover and Income Replacement, also known as Permanent Health Insurance of PHI. However the research from Scottish Widows shows that the number of adults protecting their family is falling: Only 24% of adults ...

Protection: Is there really any excuse for being a parent and having no life cover?

iStock_000016395581SmallMost parents would agree that having children has changed their perspective on life. It also changes our financial priorities; no longer do we just have ourselves to look after, our children will be financially dependent on us for many years to come. Why then do so many parents put the financial future of their children at risk, by not putting plans in place to provide much needed security in the event that one, or both, parents die. Over 50% of parents have no Life Cover A recent survey by Legal & General revealed the ...

Nearly 30 million people don’t have a Will, time to put it right?

iStock_000013177132XSmallNew research has revealed a shocking number of people have failed to make a Will; which could mean their assets will not be passed to their loved ones in accordance with their wishes, when they die. As part of their annual ‘Write and Register a Will Week’, which starts on 14th October, Unbiased.co.uk and Certainty.co.uk found: Are you ...

Rogue claims management companies face crackdown

Rogue claims management companies face crackdownNew figures, from the Ministry of Justice, show that hundreds of rogue claims management companies were closed down, or warned about their practices, during 2012. The claims management industry has grown significantly over recent years; as have concerns about many of their practices, which often include unlawful and unsolicited use of text messages and emails to generate new enquiries. The industry is regulated by the Ministry of Justice, whose Claims Management Regulation Unit has shut down 209 firms between April and ...