Life Insurance News - Life Insurance Quote

Lifebroker partners with Pure Health

Lifebroker has partnered with Pure Health to give their clients even more choice when it comes to protection and assistance.

Pure Health is one of the UK's leading support agencies, working to assist and support those that are unable to complete day to day tasks due to ill-health.

To read more about what Pure Health can offer you and your family, click here to see what they can offer.

Posted under : Armed Forces Life Insurance

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Look after Your Heart on Valentine’s Day?

Are you going to look after your heart this Valentine’s Day? Looking after your health is the best way to keep your heart healthy.

A recent report published by Bupa outlines the best ways to look after your heart.

• physical activity
• stopping smoking
• moderate drinking
• healthy eating
• maintaining a healthy weight
• reducing your cholesterol levels
• diabetes
• high blood pressure

Physical activity

Getting into a routing of 30 minutes moderate intensity activity on five or more days of the week halves your chance of developing heart disease

Stopping smoking

Giving up smoking reduces your risk heart disease; it also reduces the risk of many other serious illnesses, like cancer and emphysema

Moderate drinking

Drinking too much damages your heart; causes high blood pressure, damage to your heart muscle and abnormal heart rhythms.
Binge drinking is really bad for your heart. Don't assume it's safe to drink 21 units (for men) or 14 units (for women) at the weekend if you have not had a drink all week!

Healthy eating

A healthy balanced diet can help prevent heart disease. Limit the amount of salt, sugar and fat in your diet.

Maintaining a healthy weight

Being overweight increases your chances of developing heart disease and can mean your life insurance is more expensive.

Reducing your cholesterol levels

Reducing cholesterol levels in your blood can help you prevent heart disease. Eat a healthy, low-fat diet.

Diabetes

Diabetes puts your heart at risk. Diabetes can also increase the effect of other risk factors for heart disease, such as smoking and being overweight.

High blood pressure

High blood pressure (hypertension) increases your risk of heart disease. Make sure that if you are over 40 – make sure that you have it checked by your GP or a nurse as you may not know you have it. Search the NHS Directory for more information.

If you are at all concerned about your Heart this Valentine’s please contact your local GP. Please click here to see the full Bupa report.

Posted under : Heart Disease, Level Term Life Insurance, Healthy Living, Life Insurance Broker, Personal Insurance, Life Insurance Quote, Insurance Products, Bupa

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Become a Lifebroker Affiliate

Lifebroker welcomes other professionals to become a life insurance affiliate whether you are an Accountant, a seller of telephone leads or another life insurance website.

All you have to do is contact James Markwick, Managing Director of Lifebroker in the UK and have a chat about what your plans are. James said "I am finding more and more that other professionals are contacting us to try and work out a solution of how we can work together. These professionals range from Accountants to sellers of telephone leads. Accountants have traditionally referred their clients to Financial Advisers (IFA's), however we are finding that Accountants feel that they get better service and value for money by using the Lifebroker site. Traditional buyers of telephone leads have dropped in numbers due to some of the buyers going out of business or finding alternative arrangements; the knock on effect is that the lead providers need to find an alternative. Lifebroker can be the solution."

Lifebroker only provides life insurance quotes - therfore you can be assured that we will not sell other products to your  consumers

Services offered range from:

• instant quotes
• tailored web pages that can be adapted to promote your website and company
• dedicated telephone line for your brand
• call recording
• choose your preferred life insurance providers
• set your own commission rates
• opportunity for applications to be made over the phone
• access to Fastrack applications (developed in house by Lifebroker allowing your clients to apply electronically)
• individual commercial terms (per click, commission split or hybrid)
• star rating guide
• professional life insurance service
• guarantee that Lifebroker will not sell other products to your client as we only provide life insurance

All you have to do is contact James Markwick on 08452 51 61 71 to discuss your requirements or email info@lifebroker.co.uk.

Posted under : Mortgage Protection, Insurance Affiliation, Level Term Life Insurance, Life Insurance Broker, Personal Insurance, Life Insurance Quote, Life Insurance Comparison, Insurance Products

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PruProtect are launching a basic life insurance product

As suggested by Lifebroker on the 29th July 2010 in the News Section 'Are PruProtect Missing Something?' PruProtect are introducing a new life insurance product to the UK market. The product is more basic that the current PruProtect Essentials Plan in that is has had some of the additional benefits removed to reduce cost to the consumer.

James Markwick, Managing Director at Lifebroker UK said "It is good to hear that PruProtect have come to the same conclusion as Lifebroker mid last year.
Lifebroker does not know much about the product as yet and look forward to finding out the facts in the coming weeks. As suggested previously it would seem logical that PruProtect remove the Vitality Points Progamme as this would reduce the basic premium. At present PruProtect tend to appear in position 3-4 with most quotations however Lifebroker predict that making this change will push them into position 1-2 so that they can challenge the dominance of Legal & General and Aviva who get the largest share of the UK life insurance market."

As soon as Lifebroker have more details we will add it to our Twitter page. Please make sure you follow Lifebroker UK on Twitter.

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Posted under : Legal & General, PruProtect, Level Term Life Insurance, Life Insurance Quote, Insurance Products, Aviva

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Coffee at Prêt or Life Insurance

Nearly 1 in 3 Brits have decided that life insurance is not as important as having their daily dose of caffeine according to a recent study carried out by Lifebroker.

Brydee Greene, Senior Life Insurance Consultant at Lifebroker in London said "In my opinion a good cup of coffee is a daily necessity that is real for most people. Buying life insurance is not really a tangible process therefore it becomes less important when it comes to prioritizing."

James Markwick, Managing Director at Lifebroker said "A quality life insurance policy may cost you a few quid a day, however eating and drinking at somewhere like Prêt has knocked insurance on the head for many consumers. It is a shame that some people do not see the importance."

Ultimately it is Lifebroker's aim to keep offering quality life, critical illness, mortgage protection and income protection insurance policies to visitors to their site.

James Markwick said "Once consumers see how competitive Lifebroker's life insurance quotes are I am sure that they will think a bit more about protecting their loved ones."

Posted under : Income Protection Quote, Income Protection, Critical Illness Cover, Life Insurance Broker, Personal Insurance, Life Insurance Quote, Insurance Products

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Is Your Business Protected?

Key Man Insurance

Key man insurance (or key person insurance as it is sometimes called) is fundamental to protecting a business that relies on a key person for the ongoing profitability of the company.

New research by Scottish Widows has found that 81 per cent of small-business people who have key people in their businesses are not covered for the loss in profit or cost of replacing those people. This is despite the fact that four in five sole traders believe they have at least one person whose loss through death, critical illness or serious accident would undermine the survival of the business.

In today's financial climate most businesses are too concerned about not spending money, so vital key man insurance gets overlooked. Life or critical illness insurance for a business fundamentally operates in the same way as it would for personal insurance. The policy can be tailored to fit the requirements of the company; for example critical illness cover can be taken out alone or as part of a bundled package, and the income from an income protection policy on a key man can be used to pay for any temporary replacement staff.

Working out how much cover you should have for the key person is a bit tricky, but as a guide there are two common methods; five times net profit the key person brings into the company, or two times gross profit, and also using a multiple of the key person's salary, such as up to 10 times gross income of that person.

Key man or person insurance is taken out by a company to cover someone who is considered to be vital to the business; the key is to establish the insurance correctly. The ownership of the policy is vital and you can either see a financial adviser and pay full commission or visit some of the major insurance company websites to get more information. Aegon have a dedicated key man insurance section on their website that is publicly available. It is worth downloading the guideline documents to see what is involved. If you need advice you must see a financial adviser, or if you just want some free information and discounted key man insurance quotes contact Lifebroker.

Posted under : Zurich, UNUM, Friends Provident, Key Man Insurance, Fortis Life, LV=, Liverpool Victoria, Income Protection Quote, Income Protection, Critical Illness Cover, Legal & General, PruProtect, Level Term Life Insurance, Life Insurance Broker, Personal Insurance, Life Insurance Quote, Life Insurance Comparison, Insurance Products, Canada Life, Business Protection, Bupa, Bright Grey, Aviva, Ageas Protect, Aegon

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Inheritance Tax Planning and the new coalition Government

Inheritance Tax Planning and the new coalition Government

The UK has had Inheritance taxation (IHT) in one form or another since 1796 when it was called 'legacy, succession and estate duties'. It is estimated that 94% of estates escape inheritance tax as they fall within the nil rate band. During the last tax year the inheritance tax rate was 0% for the first £325,000 and 40% of the rest of the value. There has been a large support for the demise of this catch-all inheritance tax, even former Cabinet Minister Stephen Byers requested for it to be abolished.

David Cameron is his recent party manifesto has spoken about how it was going to be overhauled.

The manifesto said "We will raise the inheritance tax threshold to £1 million to help millions of people who aspire to pass something on to their children, paid for by a simple flat-rate levy on all domiciled individuals." The coalition has already managed to push this to the bottom of the pile of priorities. This statement from the new Government makes their intentions clear. "The parties agree that the personal allowance for income tax should be increased in order to help lower and middle income earners. We agree to announce on the first Budget a substantial increase in the personal allowance from 2011, with the benefits focused on those with lower and middle incomes. We also agree to a longer term policy objective of further increasing the personal allowance to £10,000, making further real time steps each year towards this objective. We agree that this should take priority over other tax cuts, including cuts to inheritance tax."

It is clear that for those clients that are concerned about Inheritance taxation the problem is not going away any time soon. It will certainly be interesting to see what intentions are made at the emergency Budget.
 

Posted under : Insurance Products, Life Insurance Comparison, Personal Insurance, Life Insurance Broker, Level Term Life Insurance, Inheritance Tax Planning & Trusts

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HIV Positive Life Insurance Options & Limitations

It was not that long ago that the words ‘HIV’ and ‘life insurance’ were unheard of in the same sentence. Traditionally people with HIV have found it impossible to get life insurance after their diagnosis. In the US a company called Guaranteed Life and Trust made a huge step forward by using risk specialists to determine life expectancies giving HIV positive people hope of getting life insurance.

Life insurance, in most cases, is established to cover a financial debt (be it a personal loan or mortgage) or to leave beneficiaries with some sort of financial legacy. Some people that have HIV just want to cover the costs of their funeral whereas others are more interested in providing a larger sum of money for their loved ones for years to come.

Presently the options are unfortunately limited for people living with HIV as there are not many insurance companies that offer cover for this condition. For those life insurance companies that do there are some limitations, however Lifebroker have discovered that these restrictions are being reviewed all the time. Although the HIV life insurance qualifying criteria is in black and white, it is sometimes more flexible than it first appears. One thing that is clear though is that your virus must be strictly monitored and controlled, and you must be able to prove this. You must not have contracted the condition from sharing needles as intravenous drug users are statistically a much higher risk. Once an individual develops full blown AIDS, no insurance company will offer them life insurance.

Life insurance for people living with HIV via Lifebroker provides policyholders and their families with a financial nest egg in the event of death whatever their claim is in relation to. The usual variables determine the premiums; age, sex, smoker status etc, but the huge advances in medical research and the now slow progression of the disease can attract standard pricing for the term of your policy.

It is clear that a person diagnosed with HIV should obtain life insurance as soon as possible if they do not already have a policy in place.

Posted under : HIV Positive Life Insurance, Personal Insurance

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