What is redundancy insurance? Also known as redundancy cover or unemployment insurance, redundancy insurance provides income for a short period of time should you be made redundant at work. What types of redundancy insurance are available? There are two main types of redundancy insurance available. Mortgage or other loan redundancy insurance. You may insure up to a maximum of around 90% of your salary, depending on your carrier.  The percentage is capped at a pound figure for most policies.  The benefit payment begins after between 30 and 90 days of consecutive unemployment, depending on your policy provisions, and ends after a specified number of payments. Salary insurance. You may insure up around 90% of your total monthly income amount.  Again, after 30 to 90 days of consecutive unemployment, the benefit payment commences.  Here again, the policy payments discontinue after a specified number of months or payments, depending upon your policy particulars. You may also purchase redundancy or involuntary unemployment insurance in conjunction with accident and sickness insurance, if your insurance carrier offers all three options (most do). What are common redundancy insurance exclusions? There are several common exclusions that apply to most redundancy insurance policies.  Insurers place these limitations in effect in order to prevent abuse, and to keep their risk index relatively low. Common situations not covered by redundancy insurance: Back pain or backache Elective surgery or optional procedure Dismissal HIV or Post-Viral situations Initial redundancy insurance exclusionary period If you’re commencing redundancy insurance coverage, be aware that there is a 90- to 120-day initial moratorium period during which your policy will not pay the benefit should you become redundant or lose your position. Redundancy insurance can be an effective way to protect yourself in uncertain economic times. Health and wellness resources: Diets that work – Clean eating – Fat burning foods – Weight loss tips – How to lose belly fat – Reduce weight naturally – Quickest way to lose weight – Low calorie recipes – Lose weight in 2 weeks – Best exercise to lose weight – Tips to lose weight Business and insurance resources: Over 50 life insurance – Commercial insurance – Redundancy insurance – Building insurance – No exam life insurance – Life insurance over 50 Private medical insurance Travel resources: A2B transfers – Cancellation holidays – Vacation packages – Broadway travel – Travel insurance over 70 – Global late deals – Holiday insurance – Holiday villas – Travel insurance for pre existing medical ... Read More

When should you consider no exam life insurance? No exam life insurance is a helpful option for people in one or more of the following circumstances: People who need life insurance right away, for various personal reasons. People who have an existing medical condition, and have trouble finding affordable traditional term or whole life insurance policies. The elderly, who may have similar difficulty finding other coverage. Those who wish to avoid laboratory tests and medical examinations. Those who lack the patience or time to fill out an extensive medical questionnaire. Before you begin your search for no exam life insurance, you should be aware that premium costs are significantly higher than for traditional life insurance policy types. What types of no exam life insurance are available? There are three main no-exam life insurance policy options from which to choose. Simplified issue life insurance.  This option entails no medical examination, but still requires applicants to provide medical background information to the insurance company.  It’s tempting to fudge on your answers to medical background questions.  Don’t do this – the insurance company will drop coverage in the event of a claim if their investigation turns up evidence that you provided incomplete or misleading information. Guaranteed issue life insurance. This option asks no medical questions, and you can’t be turned down.  In return, expect significantly higher premium amounts. Graduated benefit (also called “graded benefit”) life insurance. Like the guaranteed option, graduated benefit life insurance entails no medical questions or examinations.  However, the policy death benefit is significantly less than the face value for the first two to three years of policy life.  If the policyholder dies of natural causes during the probationary period, only the premium payments are refunded, plus interest.  If the policyholder dies in an accident, however, the policy pays the full face amount. Consider your options carefully! Health and wellness resources: Diets that work – Clean eating – Fat burning foods – Weight loss tips – How to lose belly fat – Reduce weight naturally – Quickest way to lose weight – Low calorie recipes – Lose weight in 2 weeks – Best exercise to lose weight – Tips to lose weight Business and insurance resources: Over 50 life insurance – Commercial insurance – Redundancy insurance – Building insurance – No exam life insurance – Life insurance over 50 Private medical insurance Travel resources: A2B transfers – Cancellation holidays – Vacation packages – Broadway travel – Travel insurance over 70 – Global late deals – Holiday insurance – Holiday villas – Travel insurance for pre existing medical ... Read More

Considerations for life insurance over 50 The half-century mark is a significant milestone in a number of life arenas, and the life insurance considerations are equally monumental. Unfortunately, turning the big five-oh has some deleterious consequences on your life insurance premium amount, if you’re not in an existing guaranteed premium arrangement. If you’re on the market for life insurance over 50, there are three main options you might explore to meet your life insurance needs. Traditional life insurance over 50 Just like your 49 and under counterparts, you might qualify for traditional term and/or whole life insurance policy after you turn 50.  You can expect the battery of health examinations and questionnaire items to be significantly more robust than that endured by younger life insurance customers.  That’s because the insurance companies want to precisely quantify any and all risk factors that insuring you might entail.  And even if you come up squeaky clean and virtually risk-free, you can expect your policy premium amount to be more expensive than you’ve paid in the past. Simplified life insurance over 50 This life insurance policy option is very similar to traditional term life insurance (and there are whole life insurance policy options in this arena as well), with a few significant variations.  First, you can expect the insurance company to ask for fewer health details, and you may not have to submit to a medical examination before receiving coverage.  In return for this lower level of due diligence, however, you can expect the total coverage amount (also called “death benefit” or “face value”) to be lower, and you can expect your premium amount to be somewhat higher than a traditional life insurance policy. Guaranteed life insurance over 50 As the name implies, this over-50 insurance option guarantees you coverage regardless of past medical history.  In fact, many guaranteed policies don’t even require a medical evaluation or questionnaire. As you might imagine, however, there are significant strings attached to this apparent altruism.  First, you can expect a probationary period of up to three to five years in length, during which your death benefit amount is only a fraction of the policy face value.  Second, the total coverage amount limit will be significantly less than you’re used to.  Finally, the premium amount will be noticeably higher than with other life insurance policy options. Health and wellness resources: Diets that work – Clean eating – Fat burning foods – Weight loss tips – How to lose belly fat – Reduce weight naturally – Quickest way to lose weight – Low calorie recipes – Lose weight in 2 weeks – Best exercise to lose weight – Tips to lose weight Business and insurance resources: Over 50 life insurance – Commercial insurance – Redundancy insurance – Building insurance – No exam life insurance – Life insurance over 50 Private medical insurance Travel resources: A2B transfers – Cancellation holidays – Vacation packages – Broadway travel – Travel insurance over 70 – Global late deals – Holiday insurance – Holiday villas – Travel insurance for pre existing medical ... Read More

What is over 50 life insurance? As the name implies, over 50 life insurance refers to whole or term life insurance policies for policyholders over 50 years of age.  This age group is put in a category of its own, because it signifies the “knee in the curve” of policy premium expenses for new life insurance policies taken out.  In other words, if you’re starting a life insurance policy and you’re over 50, you can expect to pay higher premium amounts than your 49 year-old counterparts. Over 50 life insurance policy options There are a number of available options for your over 50 life insurance needs.  As you consider the option best for you, keep in mind that policy face value (or death benefit), medical investigation detail, and premium cost all counterbalance each other.  Choose carefully. Normal whole or term life. If you’re in good shape, with no outstanding medical conditions and relatively few life insurance risk factors, you may qualify for a traditional whole or term life insurance policy.  Your cost per thousand dollars of face value will still be higher than younger customers, but less than the remaining options we’ll cover.  You can expect to undergo a thorough medical examination during the application process. Simplified life insurance policies. These are much like a traditional whole or term life insurance policy, with three important distinctions:  first, the medical qualification requirements are less stringent (ie, fewer physical exam items required), but the premium amount is higher, and the maximum death benefit amount is lower. Guaranteed over 50 life insurance. These policies guarantee coverage for you regardless of medical conditions.  They typically have a maturation period of up to several years, during which your death benefit amount remains a fraction of the policy’s face value.  After the probation period, your survivors will receive the full face amount.  Again, premiums are much higher than for traditional life insurance policy types. How to save on over 50 life insurance The most important way to keep your over 50 life insurance policy costs under control is to stay healthy and reduce your risk factors.  Yes, the following list will read like a list of things your mother told you to do.  But in addition to lower life insurance premiums, you’ll also enjoy higher quality of life. Don’t smoke Don’t drink Don’t engage in high-risk activities Exercise regularly Eat well Reduce stress factors Health and wellness resources: Diets that work – Clean eating – Fat burning foods – Weight loss tips – How to lose belly fat – Reduce weight naturally – Quickest way to lose weight – Low calorie recipes – Lose weight in 2 weeks – Best exercise to lose weight – Tips to lose weight Business and insurance resources: Over 50 life insurance – Commercial insurance – Redundancy insurance – Building insurance – No exam life insurance – Life insurance over 50 Private medical insurance Travel resources: A2B transfers – Cancellation holidays – Vacation packages – Broadway travel – Travel insurance over 70 – Global late deals – Holiday insurance – Holiday villas – Travel insurance for pre existing medical ... Read More