Do I Need Life Insurance?

It can be easy to think that life insurance is a waste of money and you will be better off using the money to pay off bills. However, it is worth considering why so many people do have life insurance and how it can benefit them.

Pay off debt

If you have debts then when you die, they will be inherited by your family members. This can be something that many people do not realise and also something that can cause big problems. If the person that dies only has debts and no savings, property or anything much to sell, then the family will be in a situation where they will have to find the money to cover them. This is where insurance can help and it could pay off that debt. A mortgage is a special circumstance, where you must have insurance to cover the debt if you die. This means that it will be paid off in full. Your lender will insist that you have insurance for this purpose as they will want to make sure that their loan gets paid. Go over to to learn more on how to pick the right insurance for your needs.

Pay burial fees

When you die they will be expenses such as funeral costs to pay. Many people like to either pay for this in advance or have insurance that will pay out enough money to cover these costs. It is not nice thinking that family will have to bear these expenses and so knowing the money will be there to help can be good.

Leave something behind

It can be good to think that you are leaving something behind. Giving something to those close to you to show your appreciation or just so that they can have something to help them to manage in the future.

Protect family

If you have children and/or a partner then you may like to have insurance so that they can manage in the future. There may be one less earner in the household and you will have to consider how they will manage financially. It may be worth having insurance that will pay them an income each month or give them a lump sum that will enable them to pay off some debts or cover the bills for a while.

Peace of mind

It can just give peace of mind to know that you will have an insurance pay out when you die that will leave money for your loved ones. This will enable you to be able to feel happy all of the time, knowing that should anything happen, they will be well taken care of.

Cover Accidental Damages With Buildings Insurance

It’s said that accidents happen, and no one in the world knows this better than a landlord. When people own the property that they live in, they tend to take better care of it. However, if the property is owned by the landlord, there is an assumption that the landlord will fix everything that’s wrong with the property no matter what. This can make for strained relations between a landlord and the tenants that have decided to call that landlord’s house home for the term of a lease, but it doesn’t have to be this way.

You see, there really are times where accidents are really accidents. You don’t want to just jump to conclusions when it comes to good tenants. If you’re ready to push forward, you will definitely want to make sure that you get buildings insurance.

Instead of getting upset with your tenants over every accident or issue that damages the property, you’ll be able to file a claim to get the money for the repairs. In addition, if your tenants are caught in a natural disaster and you’re elsewhere, it’s better to make sure that you have the insurance policy in place. It can get very stressful and busy when you’re trying to handle the balance between taking care of your tenants and ensuring that you still have enough money left over to take care of everything else on the property and in your real estate business. Whether you’re talking about just one property or multiple properties, buildings insurance is definitely the answer.

Speaking of a business, did you know that if you have multiple properties you might qualify for a discount on your policies as a whole? If you go with the same company that’s offering you a good deal on just one property, you might want to go with that same company when you begin to expand.

There’s nothing wrong with covering accidental damage with buildings insurance. If you really look at it from every angle, you’ll truly see that it’s a very smart investment for business owners that are truly savvy about the ins and outs of the real estate world.

Maybe you have great tenants that would never cause any damages. If that’s the case, figure out how to clone them — the rest of the real estate industry would like all of their tenants to be as good as yours! In the meantime, don’t skip the buildings insurance — start online and see what’s out there today!

Income Protection Isn’t just for Families – Single People Should Apply Too!

The insurance world has a lot of assumptions. Many people assume that a lot of the different types of life protection insurances are for families. That’s a safe assumption, considering much of the marketing is geared towards families. However, what you need to realize is that income protection isn’t just for families — single people should apply too. Why should single people even be concerned about income protection?

Well, in a nutshell, it’s important to remember that single people can get sick as well as people with families. And truly, no one in life is really single — we all have things that we like to do, and a lifestyle that we’ve worked hard to build. You don’t want to find yourself being unable to take care of everything because you have been diagnosed with a critical illness, or that you had an accident at work and you’ll have to be out for longer than what you expected. Yes, you might have other programs that you can tap into, but they all take time. Income protection plans would give you the money you need sooner.

Who knows, you might already have a group income protection plan at work that you can opt into at any time. There is often a waiting period, but it’s still worth looking into. The cost could also be a lot less than you think.

Indeed, the cost of inaction is always higher than picking up an insurance policy. Being unprotected welcomes in a host of problems that you probably don’t want at all, and that means that you have to act accordingly.

You will still want to have a savings account, and a thousand other resources that really help you make the difference in your life. However, income protection is one thing that you don’t want to pass up. Yes, it’s another bill that you will have to pay every single month in order to keep your policy valid, but it’s still worth looking into — check it out today for yourself!

Once you really see the power of having insurance that covers you in case you get sick, you will never go without it again. It really is that powerful — one of the highest forms of lifestyle protection that you can get!

Life Insurance Protects All Family Members From the Unknown

The unknown can be a scary place, because we really don’t know what will happen. We can plan all we want to, but when life moves in unexpected ways, we sometimes just have to take the beatings and keep on going. However, there are things that you can do in order to make sure that you can push forward no matter what happens. For example, in the event of your death, you will most likely want life insurance coverage your family can rely on. It’s no secret that the bills keep on going even after you die, and your spouse and children will know that before too long.

Protect them by looking into strong life insurance quotes today. Don’t put it off — we all have a tendency to put off things that make us uncomfortable. Case in point; when’s the last time you went to the dentist? If you can’t remember offhand, it’s probably been too long! Yet not having life insurance really does come back to bite your family in the end, and that’s a situation we can avoid.

Make sure that you comparison shop in order to get the best deal. We said that life insurance was important, but you don’t have to blow your budget. In fact, it’s better to stay within your budget than to go outside of it. This is because if you go outside of your budget, you’re going to end up being unable to pay for the insurance. A policy is only good when it’s valid — you have to make all of your payments. Getting behind only puts your policy in jeopardy. If you do get off track, you will need to contact the insurance company immediately in order to have them work something out with you. You really don’t want to find yourself in a position where you’ve invested so much into your insurance premiums, only to find that you really can’t seem to get any real protection.

It might sound like a lot, but really, it’s a great time to look into life insurance protection. You want to still provide for your family through anything and everything, so this is a natural move in that direction. Don’t see the negative side of it — look on the bright side. If your vow to your family is to do everything in your power to protect them, this life insurance can truly be seen as the ultimate form of protection!
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Have I Run Out of Time to Make a Payment Protection Insurance Claim?

Recently we received a letter from a gentleman who believed he might have a claim against a financial institution for selling him Payment Protection insurance without his consent. ‘I applied for a credit card with my bank, and they told me I needed to take Payment Protection insurance to safeguard against loss,’ he wrote, ‘I thought they meant the loss of the card – to insure myself if someone ever used it without my permission. But recently a friend told me about the banking scandal and it’s become clear to me that I was miss sold PPI. Payment Protection Insurance Claim – I’m really concerned because this was in 2005. Is it too late?

It’s terrible realising that you’ve been duped by someone you trusted, and even worse realising that it’s too late to do anything about it. Fortunately, there’s still an opportunity to get you cash back if you’ve been taken for a ride by your bank. It’s true that there is a time limit on making claims; you can only get Payment Protection insurance Claims money within six years of the event happening. However, you can still make a claim within three years of first becoming aware that you might have cause to be concerned.

This means that the gentleman, whose credit card application was in 2005 but who only became aware of the PPI scandal quite recently, still has a chance to make a claim. It is more difficult to make a claim against older policies because often the paperwork has gone missing. But if you have kept a copy of the paperwork yourself, you should be able to begin the process.

You begin by lodging a claim with the financial institution who sold you the policy. They have five days to acknowledge that you have made a complaint; and then they have eight weeks to determine if the claim is valid. If they reject your claim and you are unhappy about the outcome, you can take your claim to the Financial Ombudsman Service where your case will be reviewed. There is quite a backlog of cases at the moment, but 75% of cases have been ruled in favour of the claimant.

If you’re concerned that you’re running out of time, or if you’re time-poor, or if you simply don’t want the hassle of lodging the claim yourself, the best thing you can do is to speak to an expert about expediting the claims process. These professionals are trained and well-versed in lodging PPI claims and fighting the banks for money and the process is likely to be faster. In addition, someone will guide you through what is required.

PPI Can Multiply Fast – Make Sure You Find Every Policy

PPI is in a lot of different financial products. You just never know how deep PPI actually goes until you start digging more and more. There’s no reason why you can’t take advantage of the situation to get your money back. Those PPI premiums were essentially stolen from you, but we’re never going to tell you that being emotional actually gets anything done. You will need to focus instead on getting your PPI claim resolved. This means getting a lawyer, even though you might have never imagined you’d ever need a lawyer. They aren’t expensive when you get one on a contingency basis. This means that they will do their best for you in exchange for a percentage of the PPI premium ward you’re given. They will take their fees out and pass the rest to you, which means that you will have the money that was taken from you. It’s a good thing, and you might need to figure out how to make it happen.

That’s easy, actually. You need to go out there and find a good PPI legal counsel that can assist you. They will know the ins and outs of the PPI claim scandal firsthand, and they will also have helped countless other people. A good legal team uses absolutely everything that they can in order to get you the most favorable outcome. There’s no point in not getting exactly what you set out to get. Think about it from this perspective — why should you hesitate on getting back your own money?

You need to make sure that you find each and every policy — another reason why a legal team is a good idea. They can find other policies that you might have overlooked. It’s just a matter of doing the right research. Think about how busy your life is now — do you really have extra time in your day to hunt down old PPI claims? Do you really want to deal with your lenders all over again?

It’s a good idea to just let them handle it, while you figure out the rest of your life. They will send you updates as they get them, which means that you’re never going to be too far out of the loop. Now is the perfect time to really make sure that everything is in order. Check it out today — you aren’t going to regret it at all!