|
|
| Home | | Credit Cards | Insurance | Loans | Money News | Financial Services | Terms of Use |
|
Credit Cards, by Card Type
Credit Cards by Credit Type
Credit Cards, by Issuer
Insurance
Loans and Financing
Financial Services
|
engage Mutual Life Cover Plan for Over 50`s
engage Mutual Over 50's Life Cover Plan, as the name suggests, provides life insurance for people aged 50 and over. Any UK resident, aged between 50 and 80 may apply for the life insurance product, and engage Mutual guarantees to accept applicants without requiring a medical examination. The plan also has low-cost insurance premiums guaranteed never to increase. This whole of life insurance plan pays out on death and has no cash in value at any time (i.e. it is "life insurance" as opposed to "life assurance").  As you might imagine, like with most financial products, and especially insurance products, they can vary considerably from company to company. Choosing a company to trust for your life insurance os therefore an important decision, and it often makes good sense to go with a name you're familiar with. However, although the engage Mutual Assurance name may not be familiar to everyone, you're sure to have heard of Homeowners Friendly Society Limited (HFSL), who operate engage Mutual. HFSL, of course, have been around for decades, and provide a range of financial services, and is certainly a respected name in the industry. Buying life insurance is nearly always a good idea, and, at just pennies a day (quite literally), can provide your family with a much-needed financial cushion in the event of your death. However, what is "whole of life insurance?" Well, whole of life insurance simply means that your insurance cover lasts for life so long as you pay all premiums due. Conversely, if you stop paying premiums, for whatever reason, your insurance cover will stop. However, when reach the age of 90 you will stop paying premiums altogether, but your life insurance cover will carry on for the rest of your days (or, hopefully, years!). All of your life insurance premiums are used to cover the cost of your life cover and expenses. However, depending on how long premiums have been paid for, you could, of course, pay more in insurance premiums than the life plan would pay out on death. Nonetheless, this is obviously true with any other similar type of life insurance plan also. engage Mutual life insurance for over 50's guarantees to pay a tax-free cash lump-sum upon death. The amount paid naturally depends on the premium you choose and a variety of other factors. Although laws on inheritance tax are complex, and may also change from time to time, the lump sum payout would normally count as part of your estate and may therefore be subject to inheritance tax. This point is something you may like to discuss with your financial adviser. Additionally, over time, inflation would also reduce the purchasing power of the amount payable on your death, and so this is a good point to bear in mind when you decide how much your life insurance policy should be for. You should, naturally, read the more detailed information on the engage Mutual Assurance website before you decide to commit to proceeding, but we think the engage Mutual plan compares very favourably against many other similar products. As a friendly society, engage Mutual are also able to offer the additional benefit you being able to nominate a beneficiary. This enables engage Mutual to pay out a portion of your cash lump-sum more quickly, with a minimum of fuss. The online application is a straightforward affair, and takes only a few minutes to complete, and your free online quote puts you under no obligation to purchase anything if you choose not to. Additionally, if you apply online you'll also qualify for a 5% discount. At time of writing you could also choose to receive £30 M&S vouchers too if you wished. Information on all engage Mutual Assurance Products at CreditShop.at• engage Mutual Child Trust Fund• engage Mutual Life Cover Plan for Over 50`s
engage Mutual Over 50's Life Cover Plan, as the name suggests, provides life insurance for people
aged 50 and over. Any UK resident, aged between 50 and 80 may apply for the life insurance product, and engage Mutual guarantees to accept applicants without requiring a medical examination. The plan also has low-cost insurance premiums guaranteed never to increase. This whole of life insurance plan pays out on death and has no cash in value at any time (i.e. it is "life insurance" as opposed to "life assurance").
Post Office Life Insurance, provided by Norwich Union Life and Pensions Ltd, is a simple and cost-effective way to pay off your mortgage balance or to leave your family an amount of cash when you die. Post Office Life Insurance is available to anyone aged between 18 and 66 and is a UK resident. Joint life-insurance cover is also available, and your life insurance cover begins as soon as you have approved. Depending on the type of Post Office life insurance cover you choose, it pays either a fixed cash sum or may help to pay off the balance of your mortgage.
|
| © 2012 CreditShop.at. All rights reserved. | Privacy | Contact Us |