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If you have dependents, you are advised to investigate life cover. There’s no ‘one size fits all’ deal available and it’s important to find a policy that suits your family needs.

It’s up to you whether you have one policy to cover all your protection needs, or two or even three policies to cover different needs. But it may be cheaper and easier to manage if you split up your protection needs into categories and choose policies that fit those particular needs.

You can buy life insurance from various companies, either direct, through a broker or an independent financial adviser (IFA). The cheapest source is usually online. Be aware, though, that some brokers exclude some companies from their searches for commercial reasons. You may be able to buy your policy over the phone or via a web site, but you may not receive advice through this route.

Before making a decision, think about the type of cover you want and how much you need. If you want some help with these decisions consider using the finance forum, called “Finance Talk” at the Brokers Online web site.

How much will it cost? Men generally pay more than women. It pays to get cover early, because the older you are when you take insurance out, the higher your monthly premiums will be.

For example, at the age of 29, a 100,000 pound level-term policy could cost a non-smoking woman an average 8 pounds and 07 pence a month and a non-smoking man 9 pounds and 68 pence. But, at the age of 39, the cost would be 12 pounds and 44 pence for a woman and 15 pounds 55 pence for a man.

Smokers – Premiums for smokers can be almost twice as high as they are for non-smokers. Prices can also vary hugely between companies, so it pays to shop around. For example, a 39-year-old male smoker might pay 45 pounds and 50 pence a month for level-term insurance of 100,000 pounds with one company and as little as 23 pounds and 50 pence for the same cover with another. In this instance, shopping around could save you as much as 22 pounds a month or 264 pounds a year. That adds up to a 6,600 pounnds saving over a 25-year term.

Health issues – Be honest about your health. If you withhold any information, your policy could be invalid and might not pay out. If you have a pre-existing medical condition you should still be able to get life cover but it may cost more and be harder to find. The Insurance Surgery is a specialist broker that can help find insurance for people with pre-existing medical conditions.

If you have a specific illness, try contacting the relevant charity for advice on life insurance. For example, Cancer Research UK offers information about life insurance for cancer sufferers. If you already have life cover and are shopping around for a better policy, make sure you keep your existing life cover in force until the new policy is up and running.

A quicker payout – Writing your policy ‘in trust’ means your insurance payout is excluded from your estate. This could save your family having to pay inheritance tax. It also means policy proceeds can be paid without having to wait for probate, so your family will receive the money quickly when it’s needed most.

Most life insurance policies give you the option to write your policy in trust at no extra cost. Just ask for a special trust form.

Two policies may be better than one. Shop around for the best cover – prices vary greatly. Couples can buy a joint policy that covers both lives or can have one policy each. Whether you have one policy between you or one each depends on what the cover is for.

A joint policy for covering the mortgage – If you’re covering your mortgage, you want the policy to pay out when the first person dies. You both need cover for the same amount and because the mortgage will be paid off at that point, there’s no need for continuing cover. It therefore makes sense to have a joint life policy that pays out on the first death when specifically covering your mortgage.

Single policies for family protection – However for family protection it makes more sense for couples to have one policy each, for several reasons. One partner may be younger or fitter than the other, or one may be a non-smoker and so get better rates. It’s also likely that each partner may need different level of cover, unless both earn the same salary.

Also, if there are dependent children, a surviving partner will still need life cover until the children are independent. By having only one policy between you this will leave the surviving partner without cover if the first partner dies.

Premiums are based on age and health at the time a policy is taken out and if the surviving partner is older or has health issues at that time, any new cover could be much more expensive, or in severe cases, unavailable.

Buying two separate policies means you can take them out for different amounts (and terms), depending on your personal needs. Both will pay out if you and your partner die within the chosen term(s), whereas a joint policy pays on only the first or last death.

Surprisingly it’s no more expensive having two policies instead of one joint one, and can often work out cheaper.Interested in getting a quote on Life insurance? Please Visit the Life Insurance Advisers for more information and other resources. Our sister site Brokers Online offers cutting edge articles and information about Life Insurance and other financial products.
Make Your Life Insurance Fit Your Needs

Unfortunately for men, female car insurance premiums are much lower it would seem the reason men are penalized on their auto insurance premiums is because they are involved with more claims than women drivers. Women are also keen to drive safe cars and overall will not take as many risks when driving as a man or drive as fast according to statistics.

So, female car insurance providers prefer to insure women drivers to men as the risk of an accident and claim is lower than those for men. Although the fact is they face as many accidents as males do but the damage caused by them is not as much most of the time, so their claims after the accident are also less. That is why on an average women’s car insurance premiums tend to be 30 percent lower than that of the male counterparts having same demographic profile.

Because it is a known fact that women drivers generally drive within the speed limits, any accidents they do have are of a more minor nature which means repairs do not cost as much thereby keeping premiums down. As the speed that most male drivers travel at is considerably higher, often above the speed limit for the road; when accidents occur, they result in far more damage to the vehicle and a greater cost to the insurance provider.

Not only this, but women are usually treated as preferred drivers even when they have less experience than men.

Women are also able to apply for female car insurance policy from companies that will only insure lady drivers, often even refusing male partners from their policies. They are just working with the statistics and believe that having a man on the policy will just increase the chances of a large claim meaning that premiums will have to rise.

Although the lower the premiums means they won’t make as much profit, if they can get as many women as possible, then the volume of business will be much higher. For many women, it is now quite normal to arrange car insurance that also provides legal protection in the event of claims.

You can further lower your premium by parking your car overnight in the garage, by attending extra driving course and maintaining a good driving record.

One important piece of advice is that women only insurance companies are not necessarily less expensive than a larger, general insurance company that provides auto insurance. So, check out these women only insurance companies by all means but shop around and get the best quote you can as you may find it less costly elsewhere.Author of this article, Dola Raheem provides detailed information on how to find cheap Car insurance for females. He professes special interest and expertise in female car insurance and in guiding you on its various details

Once you have a family or assume responsibility for another person’s welfare, you need to think about life assurance. This doesn’t just apply to people in employment, but to everyone in the position of ‘head of the family’.

There are many different policies out there and you need to find one that suits all your requirements. So first you need to do the research.
The first thing to consider is whether to go for one policy to cover all eventualities, or whether you would be better off with two or more policies to cover separate categories, which may be cheaper.

Next decision – do you figure it all out yourself or do you take advice from someone qualified to help. There are Independent Financial Advisors (IFAs) and brokers who can advise you and sell policies, although some brokers only deal with certain companies’ products.

If you go it alone you can deal with an insurance company over the phone or via the internet, which is often the cheapest method.

Brokers Online has a finance forum called ‘Finance Talk’ where you should get useful information about what cover you need to help you make your mind up.

The cost for any policy varies according to different factors, among them your sex, your age and smoking habits.

The younger you are when you start a life policy the better as premiums are lower than for an older person. Women are usually charged less than men also.

One example shows a level-term policy for 100,000 pounds cover for a non-smoking 29-year old woman costing 8.07 pounds a month, and for a man 9.68 pounds. But let them age another ten years before taking out the policy and the woman pays 12.44 pounds and the man 15.55 pounds.

Smokers get hit in the wallet harder. Not only are the price of cigarettes prohibitive, but insurance premiums are higher as well. That’s why you really need to shop around.

At age 39 our example male smoker could pay 45.50 pounds a month for the same type of policy as mentioned above and that is a big increase. But another company could charge as little as 23.50 pounds, a saving of 22 pounds a month. Extrapolate that figure and you could be saving 264 pounds a year, or 6,600 pounds over 25 years – and that can pay for an awful lot of cancer-sticks!

The state of your health will have a bearing on the cost of your life insurance and you need to be upfront about any medical problems or risk a later claim being denied.

If you have a particular condition cover may be harder to find but you should still be able to purchase a policy. A specialist broker that caters for people with health problems is The Insurance Surgery, so give them a call.

Another idea is to approach the charity associated with your condition for advice. Cancer sufferers can get information from Cancer Research UK, for example.

A word of warning – be careful not to let any existing life cover lapse while you are looking around for a new policy.Get great deals on Life insurance from The Life Insurance Protection. Please visit our site for helpful articles on Life Insurance. Visit Brokers Online to benefit from its extensive article library covering most areas of uk finance.They also offer Life Insurance Quotes, Mortgage Quotes and much much more all online.