Sisters Are Insuring Themselves: Finance Is The New Feminism
According to a study by LifeSearch, the number of women in the UK buying life insurance in the UK has doubled over the last six years. As women are increasingly closing the gender related pay gap and even becoming the main breadwinners in a household, they are also becoming more vigilant about their finances and less financially dependent on their partners.
Linda Tyson, a policy advisor for LifeSearch stated that the increase was attributed to the "growing awareness of the importance of protecting the financial stability of the family. More and more women are either the main or only breadwinner and are realising the importance of protecting their incomes."
An additional advantage for women is upon applying for cover, they pay less in premiums than men, which is additional money to save, invest or spend on holiday with the girls. This reduction in premiums is based on the fact that women live an additional seven years longer than men. Insurance companies deem men a greater insurance risk when it comes to life insurance. In general, a woman pays 25% to 35% less than a man.
The most cost effective way to buy life insurance is term cover, which allows for a lump sum to be paid out over a given period upon the death of the policy holder. The lump sum will protect the partner or family and the extent of the cover will vary on how much the policy holder wishes to invest and length of time over which they wish to invest it.
Alternatively, there is the option of whole-of-life insurance, in which case a lump sum will be paid out upon the death of the policy holder ? whenever that happens. Given that the payout is guaranteed, the premiums for this type of life insurance are much higher, although women still pay less than men.
Websites such as moneynet provide an easy method for women to review different life insurance policies, the risks and associated costs and given that the ratio of male to female web users is almost 50:50, it's not surprising that women have the web (and their finances) under their thumb.
Rachel is a straight talking little lady who lives in the Scottish hills. She survives on a diet of Irn Bru and haggis, which allows her to see wild animals in the night and roast them with her fiery breath. Rachel also writes for the personal finance blog Cashzilla: a wee bit of banter on finance related issues.
Phone: 0131 561 2251
Health Insurance Providers Online - Benefits To Applying Online
Health insurance providers are going online to find new customers. As a result, there are more affordable health insurance options for families, the self-employed, and small b...(related: Insurance)
Health Savings Accounts (hsa): Do They Vary From State To State?
The Health Savings Account (HSA) is an amazing tool that a lot of people have been talking about. It is meant to help you save money on insurance and make your life simpler, maybe even help you be healthier.Is this tool available in all states? And are HSAs in each state the same?The Health Savings Account (HSA) was passed in the U.S. Congress in December 2003. It was signed by President George W. Bush. That means it is a federal law. The HSA is availa...(related: Insurance)
Insurance Claim: Collecting Your Lost Wages
A couple months ago you were toolin' on down the avenue, minding your own business, when out of nowhere, this fumbling, stumbling man by the name of Freddie Fuddle flew through a Stop Sign and plowed into you with a gigantic, rip-roaring, screeching broadside. You were wearing your seat belt but it was still a thundering crash that wrenched and whipped you around the inside of your motor vehicle something fierce!Now, after a long recovery period, Fuddle's carrier, Granite Mountain Ins...(related: Insurance)
Is Life Insurance Comparison Really Necessary?
When you want to purchase a life insurance policy, you really do need to do a life insurance comparison. This is to ensure that you get the best possible rates and the best possible life insurance for your needs. Different life insurance companies sell different types of policies so you need to do a life insurance comparison of all the different types available. You also want to get a policy with low cost premiums.In a life insurance comparison, you have to decide whether you want variable uni...(related: Insurance)
How To Save Money On Your Homeowners Insurance?
In order to save money on your homeowners insurance you have to consider several price determining factors. One of the biggest factors is whom your insurance provider ends up becoming. You should consider shopping around in order to get as many price quotes as possible. Try to get at least three as a minimum. You can visit insurance companies directly; call them on the phone or search for quotes online. Aside from price other factors you may want to ask about include customer service, complaint records and responsiveness.Deductible - As with your auto insurance, raising your deductible can help save money on your homeowners insurance. The deductible is the amount ...(related: Insurance)
7 Sure-fire Ways Of Reducing Your Home Insurance Premium
Home security improvement:All insurance companies will happily offer you a discount for burglar alarms and smoke detectors. Homes with fire and burglar alarms that communicate with a third party monitoring company receive a higher discount on their insurance premiums.When possible, choose a higher deductible:To reduce your premium, it is best advised to increase the deductible to the extent you can afford. Your home insurance premium will fall by as much as 20% if you increase ...(related: Insurance)
Life Insurance Beneficiaries
Naming a beneficiary for your life insurance policy can be a difficult decision to make, not to mention a tricky procedure. A person needs to research the different types of beneficiaries and the different ways to go.In naming a life insurance beneficiary, a person should always specifically name and individual or organization and state the proceeds go to the beneficiary.Multiple beneficiaries may also be another option to your life insurance policy. There is no limit to the number of beneficiaries on a life...(related: Insurance)
Affordable Life Insurance!
So, you've decided to purchase life insurance. Well then, you have made a good decision! If you have dependents, you know that you must provide for them long after you are gone. Buying life insurance shouldn't be a budget buster either. Take a look at the following options which can help you save big time!Shop Online: There are several companies that wil...(related: Insurance)
How Much Renters Insurance Do I Need?
When obtaining renter's insurance it is important to put serious consideration into how much insurance you really need to buy. Some things you may want to consider when making this decision include whether or not you can afford to re-purchase everything in your home in the event that disaster strikes. You may also want to ask yourself what you would do if a neighbor slipped and fell on the wet floor in your kitchen and decided to take legal action against you.How much personal property coverage you need to buy naturally is based on how much your personal property is worth. An excellent way to assess ho...(related: Insurance)