Tips for Choosing a Life Insurance CompanyWritten by UK Insurance Index
More than 150 insurance companies offer thousands of life insurance products in UK.
Choosing right company and right product from this bewildering choice is challenging. Fortunately, there are some common sense guidelines that will help you narrow field to a more manageable selection of companies and products.
Looking at Cost The UK life insurance business is highly competitive, but industry tries to avoid price competition whenever possible. Instead, companies attempt to make their products sufficiently different from their competitors so that price is less of a factor in product selection.
However, there are ways you can keep your premium rates to a minimum without affecting quality of your cover.
•Consider Term Life Insurance - Term Life Insurance is cheapest form of life cover available and premiums are very competitive. •Shop around - in particular, if you know exactly what type of cover you require and don’t need advice, you can reduce your premiums by applying through a discount life insurance broker such as Life Saver. These broker's discount insurance companies standard premiums by rebating majority of commission paid to them as an agent for company. This reduces your monthly payments below premium you would pay by applying direct to insurance company. •Stop smoking - premium rates for smokers are 30-40% higher than for non-smokers. If you can or are thinking of quitting you will save hundreds on your premiums over term of policy. •Only pay for cover you need - If you are looking for term insurance and critical illness, you can make big savings by buying a combined policy. These only pay out one lump sum rather than two that separate policies would pay, if you suffer a critical illness and then die.
Obviously, cost of monthly premiums is going to be a major factor in your choice of insurer but, it should not be your only consideration.
Product Quality There can be major differences between UK life insurance policies so it is important that you compare like with like and check small print. This is particularly important if you are including extra’s such as Critical Illness Cover. Always read Key Facts document carefully and look for some of following benefits:
Chex Systems-Why Every American Needs To Guard His Checking AccountWritten by Alvin Arthur
Most Americans have been brought up to be concerned about a good personal credit rating, because of role a positive rating can play in your long term plans; purchasing a home, buying a car, getting a business loan, etc. They have also been made to understand that premier organizations that pretty much hold key to their financial futures are Equifax, TransUnion and Experian.
However, there is another organization operating “behind scenes,” that is recording information about a singular aspect of every American’s financial life, that, if you’re unfortunate enough to mishandle, can get you on their list of offenders, which will mean an almost immediate change in your quality of life. The name of this organization is Chex Systems, and information they record is your banking history, specifically, your negative banking history.
Negative banking history can mean many things, but typically following are what banks report, and what Chex Systems records in its database:
- Honoring a payment you may have made without sufficient funds (atm charge, check payment or automatic debit).
- Abuse of your atm cards, debit card, or savings account.
- Check fraud.
- Lying on your account application.
Most people reported to Chex Systems, typically fall into one of categories above, but it is still your duty to find out exactly what your bank deems as a reportable offense.
If you’re wondering what penalty is for landing in Chex Systems, I’m about to tell you.