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Nearly half of 25 to 44 year-olds are considering taking out income protection insurance to safeguard their monthly income as a result of the Covid pandemic, new research has found. At a time when millions of people in the country have seen a decrease in the amount of money they take home due to lockdowns … Read more
My partner and I don’t own a house, and will continue renting for a few more years to save up for a deposit. We don’t have any children yet but it’s something we are considering in the next year or two. As we’re renting and don’t have any dependents, is it really necessary to get … Read more
I’ve got life and critical illness cover but I’ve heard that these could be affected by the pandemic. I’m also concerned that my cover providers will include exclusions to my polices, especially now that there’s an increase in Covid-19 cases again and another lockdown. I’m also worried that I’ll have to pay more. Will my … Read more
I’ve been speaking to a broker about buying income protection and a new life insurance policy. They’ve been really helpful and recommended a couple of policies that suit my needs. The thing is, I double checked with the insurer directly, and they’ve said I can have the same policies exactly but with a lower premium. … Read more
My wife and I are both 60 and our life insurance is ending: New policies are far too expensive – what can we do? By This Is Money Reporter Published: 07:42 BST, 25 August 2020 | Updated: 07:42 BST, 25 August 2020 I am 60 years old and my wife and I each have a … Read more
I’m worried about redundancy: Can I apply for unemployment insurance even though I’m on furlough? By Will Kirkman For Thisismoney.co.uk Published: 07:41 BST, 16 July 2020 | Updated: 07:41 BST, 16 July 2020 I’ve been on furlough since March and it’s been extended to October – but I am worried my employer will make me … Read more
I want to buy life insurance but have had coronavirus, will I still get a good deal? A reader asks if life insurers offer deals to those who’ve suffered from Covid19 Expert reveals that some applicants may get cover, but with exclusions Cover could cost more with premiums offered at 50-100% more than normal Here’s … Read more
Younger workers are buying insurance to protect their incomes in the coronavirus outbreak, but will they be covered if they can’t work? Comparison site sees 400% rise in income protection searches by under-25s Young people are looking to protect their finances in the wake of coronavirus However, most income protection policies will not protect against the disease … Read more
LV offers protection insurance payment holidays to those affected by coronavirus – and says they WON’T have to pay anything back LV will allow vulnerable policyholders 3-month payment breaks on protection Life cover, income protection and critical illness all covered under the scheme Policyholders will remain fully covered during the payment holiday period Customers won’t … Read more
Insurers are pulling income protection insurance due to the coronavirus outbreak – and some are looking for ways NOT to pay out if you get sick Insurers pull out of the income protection market as coronavirus spreads Those still offering it reportedly planning to introduce coronavirus exclusions This means new policyholders won’t get a payout … Read more