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Home / - Living outside the UK
If you move away to live outside the UK this could affect the cover and premiums. You should check the policy terms and conditions carefully if you could be affected by this provision.
Generally we are able to quote standard terms to customers currently living in the UK and Isle of Man and the Channel Islands . Customers that are genuinely living in the UK and apply for life insurance (assurance) on this basis that subsequently find (and did not know when they started their life insurance/assurance), they want to move away should still be covered.
NEWS
Obesity and smoking can push up premiums
04 October 2007 14:32:03
The cost of life insurance can be affected if a customer's body is not "in beautiful condition", according to one adviser.
Stewart Parr, an insurance expert for financial consultants Moneyextra.com, pointed out that an individual's current state of health is likely to be the key variable for the purchase of life cover.
"Underwriters get alarmed by the presence of cancer and heart disease and conditions such as diabetes or high blood pressure, particularly if there is a family history of illness," he commented.
He added that more attention is now given to other aspects of an unhealthy lifestyle, with excess bodyweight and smoking viewed as particularly detrimental.
Smokers already lose out on cheap life cover according to the adviser, while obesity-induced heart disease is predicted to overtake the habit as a major cause of early death in the UK.
Mr Parr highlighted that extra benefits such as critical illness also add to a premium's price.
A new type of life insurance, income protection and critical illness cover launched recently by Prudential UK and South African insurer Discovery aims to reward customers who have healthy lifestyles.
PruProtect offers "vitality points" which can be offset against the cost of annual premiums.
Direct Life and Pensions Services Ltd are one of the UK's leading providers of life insurance, term life assurance, mortgage protection, critical illness and life insurance advice online.
Protect your future with life insurance
04 July 2007 15:16:55
While it might seem morbid to consider the effect of tragedy on your family, it makes a great deal of financial sense to think about life insurance.
According to Eugene C Gordon, CEO of US life cover provider LifeQuote, protecting your family's future could be one of the most important decisions you ever make.
Speaking at the launch of Life Insurance Awareness Month in Miami, Florida yesterday, Mr Gordon said:
"Death is a topic of conversation most families avoid but having life insurance (term life insurance) coverage could someday prevent a financial tragedy."
Yet according to November 2006 research by UK insurer Bright Grey, only 53 per cent of British adults have any form of life insurance cover.
With life insurance premiums falling steadily over the past few years, as medical advancements increase life expectancy, there's only one road to take when thinking about your family's future and that's ensuring that in the event of your death, they'll be able to survive financially.
Of course, your own lifestyle is likely to affect the cost of your insurance premium, so getting into shape can help your wallet as well as your health.
Jonathan French of the Association of British Insurers (ABI) recently explained the benefits of pursuing a healthy lifestyle, confirming that "lifestyle factors in general play a part in the assessment that insurance companies do on people when they apply for life or protection insurance".
Many insurers assess the potential risks associated with a policyholder by measuring their Body Mass Index - Mr French confirms that "factors like obesity will be taken into account".
Quitting smoking in the wake of the new ban could also save you money, as well as improving your life expectancy.
However, many insurers will only lower premiums if the policyholder has steered clear of the evil weed for a protracted period, likely to be at least six months.
But if you're serious about giving up cigarettes, you're likely to notice the benefit in both your fitness and your bank account.
A recent survey from advice website find.co.uk revealed that kicking the habit could save you around £64 per year in life insurance costs.
While a 35-year-old male smoker would pay around £13.50 per month for a 20-year level term policy with an assured sum of £100,000, a non-smoker would pay £8 every month - this adds up to a saving of almost £1,300 over the 20-year term.
Mr French confirmed that insurers are unlikely to turn away applicants for life cover if they are obese or smoke, but added that making lifestyle changes would certainly prove beneficial.
"One important thing that people should remember is," he said, "if, when they applied for their insurance policy, there were lifestyle factors which they had declared, like obesity, and…those individuals make lifestyle changes which reduces obesity, for example, then if they let their insurance company know that then there is likely to be a reassessment of premiums, which doesn't happen the other way round."
"The policies are underwritten at the point of application not at the point of claim."
Pensions 'not enough' to support retirement
01 October 2007 09:17:30
Choosing the right life insurance and critical illness cover is a priority for many Britons, but more people are being advised to look at their retirement provision.
A new survey showed that contribution levels in the majority of work pension schemes are not enough to support employees in retirement, despite improvements over the years.
Consultancy group Mercer found that most workers will receive more money from their state pension than from their occupational pension scheme if the amount of money paid in remains the same.
The research looked at 400 organisations that chose the increasingly popular option of a defined contribution scheme, favoured since the closure of many final salary schemes.
"Total contributions, while slightly up, still fall short of supporting decent pensions for the majority of people," noted Tony Pugh, Mercer's UK head of defined contribution pension services.
He added that the problem is more acute the older an individual is when they join a plan, and the higher their pay is.
Mercer said it is essential that employees are encouraged to do more to boost their pension provision.
A study by life insurance firm Scottish Widows recently suggested that retirement could be beyond the reach of a growing number of Britons.
Direct Life and Pensions Services Ltd are one of the UK's leading providers of life insurance, term life assurance, mortgage protection, and critical illnesslife insurance policies online.
04 October 2007 14:32:03
The cost of life insurance can be affected if a customer's body is not "in beautiful condition", according to one adviser.
Stewart Parr, an insurance expert for financial consultants Moneyextra.com, pointed out that an individual's current state of health is likely to be the key variable for the purchase of life cover.
"Underwriters get alarmed by the presence of cancer and heart disease and conditions such as diabetes or high blood pressure, particularly if there is a family history of illness," he commented.
He added that more attention is now given to other aspects of an unhealthy lifestyle, with excess bodyweight and smoking viewed as particularly detrimental.
Smokers already lose out on cheap life cover according to the adviser, while obesity-induced heart disease is predicted to overtake the habit as a major cause of early death in the UK.
Mr Parr highlighted that extra benefits such as critical illness also add to a premium's price.
A new type of life insurance, income protection and critical illness cover launched recently by Prudential UK and South African insurer Discovery aims to reward customers who have healthy lifestyles.
PruProtect offers "vitality points" which can be offset against the cost of annual premiums.
Direct Life and Pensions Services Ltd are one of the UK's leading providers of life insurance, term life assurance, mortgage protection, critical illness and life insurance advice online.
04 July 2007 15:16:55
While it might seem morbid to consider the effect of tragedy on your family, it makes a great deal of financial sense to think about life insurance.
According to Eugene C Gordon, CEO of US life cover provider LifeQuote, protecting your family's future could be one of the most important decisions you ever make.
Speaking at the launch of Life Insurance Awareness Month in Miami, Florida yesterday, Mr Gordon said:
"Death is a topic of conversation most families avoid but having life insurance (term life insurance) coverage could someday prevent a financial tragedy."
Yet according to November 2006 research by UK insurer Bright Grey, only 53 per cent of British adults have any form of life insurance cover.
With life insurance premiums falling steadily over the past few years, as medical advancements increase life expectancy, there's only one road to take when thinking about your family's future and that's ensuring that in the event of your death, they'll be able to survive financially.
Of course, your own lifestyle is likely to affect the cost of your insurance premium, so getting into shape can help your wallet as well as your health.
Jonathan French of the Association of British Insurers (ABI) recently explained the benefits of pursuing a healthy lifestyle, confirming that "lifestyle factors in general play a part in the assessment that insurance companies do on people when they apply for life or protection insurance".
Many insurers assess the potential risks associated with a policyholder by measuring their Body Mass Index - Mr French confirms that "factors like obesity will be taken into account".
Quitting smoking in the wake of the new ban could also save you money, as well as improving your life expectancy.
However, many insurers will only lower premiums if the policyholder has steered clear of the evil weed for a protracted period, likely to be at least six months.
But if you're serious about giving up cigarettes, you're likely to notice the benefit in both your fitness and your bank account.
A recent survey from advice website find.co.uk revealed that kicking the habit could save you around £64 per year in life insurance costs.
While a 35-year-old male smoker would pay around £13.50 per month for a 20-year level term policy with an assured sum of £100,000, a non-smoker would pay £8 every month - this adds up to a saving of almost £1,300 over the 20-year term.
Mr French confirmed that insurers are unlikely to turn away applicants for life cover if they are obese or smoke, but added that making lifestyle changes would certainly prove beneficial.
"One important thing that people should remember is," he said, "if, when they applied for their insurance policy, there were lifestyle factors which they had declared, like obesity, and…those individuals make lifestyle changes which reduces obesity, for example, then if they let their insurance company know that then there is likely to be a reassessment of premiums, which doesn't happen the other way round."
"The policies are underwritten at the point of application not at the point of claim."
01 October 2007 09:17:30
Choosing the right life insurance and critical illness cover is a priority for many Britons, but more people are being advised to look at their retirement provision.
A new survey showed that contribution levels in the majority of work pension schemes are not enough to support employees in retirement, despite improvements over the years.
Consultancy group Mercer found that most workers will receive more money from their state pension than from their occupational pension scheme if the amount of money paid in remains the same.
The research looked at 400 organisations that chose the increasingly popular option of a defined contribution scheme, favoured since the closure of many final salary schemes.
"Total contributions, while slightly up, still fall short of supporting decent pensions for the majority of people," noted Tony Pugh, Mercer's UK head of defined contribution pension services.
He added that the problem is more acute the older an individual is when they join a plan, and the higher their pay is.
Mercer said it is essential that employees are encouraged to do more to boost their pension provision.
A study by life insurance firm Scottish Widows recently suggested that retirement could be beyond the reach of a growing number of Britons.
Direct Life and Pensions Services Ltd are one of the UK's leading providers of life insurance, term life assurance, mortgage protection, and critical illnesslife insurance policies online.