Critical Illness Insurance A cheap alternative to Keyman Insurance?

If you run a small business you know that if a member of your team

Life Insurance. Medical history increases the cost for 66% of applicants: Life companies keep their initial quoted prices low by being choosey on who they accept on standard terms. Having made a formal application, two thirds of applicants will face a loaded premium. This article explains why and what the shopper can do about it, choose an online broker!
Buying Life Insurance? One tip to save you thousands!: Life companies keep their initial quoted prices low by being choosey on who they accept on standard terms. Having made a formal application, two thirds of applicants will face a loaded premium. This article explains why and what the shopper can do about it choose an online broker!
Critical Illness Insurance. Do you really need it, or is it a waste of time?: There is a 1 in 5 chance that a man will suffer a long-term critical illness before his normal retirement age. So why isnt critical illness insurance more popular? This article investigates the reasons and reinforces the importance of this form of insurance.
Life Insurers use the Body Mass Index to tighten the belt on fat people: If youre fat the life insurance companies will load your premium by up to 400%. But how do they decide who is overweight? This article explains.
Life and Critical Illness Insurance Tell the insurers everything when you apply.: Non-disclosure of relevant information is the single largest reason for the rejection of a life or critical illness insurance claim. This true story points up the complications.
Giving up smoking will increase your wealth: You'll save more than the cost of the cigarettes if you stop smoking. The cost of your life and critical illness insurance premiums should be cut by half.

Life Insurance News

was taken seriously ill or died, your business would be hard hit. Sales or production could fall, key skills could be lost and the general pace of the business could fall.

Insurance is available to offset those financial risks, risks that are potentially most serious in a small business. After all in smaller businesses other employees can't be moved across to fill the gap - there's simply noone spare so the problem remains until the person either returns to work or has to be replaced.

If the person is off sick with a serious illness such as cancer or a heart attack you simply don't know when, or if, they'll return to work and management is caught in a cleft stick. Do they take on a temporary employee or a permanent employee, or are you forced to simply wait until matters resolve themselves? And how much will all this cost the business in terms of both extra costs and lost sales and profit?

Traditionally, it's keyman insurance that's covers these very real risks but nine out of ten small businesses still don't carry this insurance. It's either because they haven't thought about it or they've found it to be too costly.

A spokesperson for the Federation of Small Businesses said, "In an ideal world, small firms would be insured against everything, but reality demands the businesses prioritise threats and occasionally take risks".

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Did you Know?
When looking for a cheap mortgage you're sure to face the decision between choosing a low interest rate mortgage or a higher rate mortgage but with no, or very low, up front costs.

We've all seen mortgages with incredibly low interest rates advertised in the national press and on the Internet. Experience shows that it's a low interest rate that pulls in the borrowers so lenders bust a gut to publicise low headline rates. The difficulty is that these super low rates force the lenders to recover some of their profits in other ways. A high arrangement fee is a common solution.

An arrangement fee is charged to allegedly cover the cost of administering the mortgage application and reserving the advance. Normally these fees can be added to the mortgage but some lenders require them to be paid in advance. And they can vary enormously, not just between lenders but even between the mortgages offered by the same lender. So keep your eyes skinned!

Did you know?
Buying your car insurance policy online guarantees you the best deals. That's why 53% of all car insurance is now bought online. And when it comes to renewal time, shop around the Internet again! Please don't accept a renewal notice automatically without first checking out prices on the 'net - there's a good chance that you can still get it cheaper!

Today's Tip
If you want a cheap car insurance quotation then make sure that you get some quotations from car insurance brokers. Brokers automatically compare prices from the various insurance companies and offer you the best deals. And remember that cheapest is not always best - always check out the details of the cover - for example, whether a courtesy car is provided if your car is being repaired and whether legal assistance or windscreen cover is included. You also need to check out the excess on the policy.

Did you know?
53% of all car insurance is now bought online. That's because buying online car insurance helps you find the best deals. And it's important to remember that when it comes to renewal time, you need to shop around the Internet again! Don't automatically accept a renewal notice without checking out prices first - you may still get it cheaper!

Did you Know?
According to the Council of Mortgage Lenders, last year over 200,000 homes in the London area were financed by an interest only mortgage without a repayment vehicle being in place. Of these, 60,900 buyers were first-timers.

We cannot find national figures for the total number of homebuyers with interest only mortgages. However, the market share for interest-only mortgages has been running between 10 and 20% over the past 10 years.

Now it looks as if mortgage brokers have been arranging more than half of these interest only mortgages. So when these mortgages reach maturity, if the mortgage holder hasn't enough cash to repay the mortgage debt, many of these brokers could be up with a claim for miss-selling.