Are we ready for a longer life?

Posted on by Gary Joynes

Are we ready for a longer life?

It’s a fact people are living longer thanks to advances in medical care and an increasing awareness about how to live our lives in a healthier way.  This is great news for mankind but are we prepared for a longer life?

People are buying their first homes later, starting families later and often working into their retirement years (or past it with the abandonment of ‘Default Retirement Age’).

As these key financial milestones are now often occurring later in life, it’s important that people review their life insurance to ensure they’ve not only got enough cover in place, but that the length of time they have it for is also adequate.

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Equity Release Sales Hit Record High – Here’s What You Need to Know.

Posted on by Martin Delany

According to statistics from the Equity Release Council, Equity Release sales in 2015 hit a record high of £1.71 billion. So why is this market growing 29% year on year and is this really the best option for homeowners seeking a lump sum or monthly income ?

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Funeral costs continue to rise

Posted on by Martin Delany

 

Recent cost of dying statistics have shown that the average funeral has risen to an all time high with no sign of a significant slow down.

  • The rising cost of dying: Average funeral now costs £7,600 and thousands are struggling to afford a fitting send off.
  • Study claims cost of funeral, burial and administration is up 7.1%
  • Estimated that 100,000 people will struggle to pay for funeral this year
  • Rose 80% between 2004 and 2013 and will continue to increase

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Survey concerns over Income Protection policies paying out seem unjustified

Posted on by Gary Joynes

A survey from British Friendly has show that only 2% of self-employed people surveyed believed Income Protection policies paid out 90% of the time and 45% believed that the main reasons claims were declined was insurers deliberately trying not to pay. This is despite the industry average for accepted Income Protection claims exceeding 90%.

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