Life Cover - Comments & tips

With-profits insurance policies have had a bad press recently. People have found that, when it comes to payout time, after twenty or more years of faithfully stumping up their premiums, they are getting a lot less than expected. And, in the future, things could be worse. You could be in danger of missing out on a hidden ‘cash stash’ that has come from all those premiums you (and countless other policyholders) have been paying into your with-profits insurance policy over the years. What's the problem? And can you do about it? About £350 billion is held in with-profit insurance policies on behalf of 10 million customers in the UK. ...  Read the complete review

This year it is very likely that insurance companies will be able to use the results of genetic tests to pinpoint people who may be likely to suffer from an heriditary condition or illness. The tests will cover such things as Huntingdon's disease and Alzheimers disease are among the tests that will be carried out. The use of genetic information may mean that there a large groups of people who will find it difficult to get life insurance or mortgages, and even if they do, I imagine that the premiums will be near enough unaffordable. Will this mean that people will not take out such insurances? If this is the case, then the implications will ...  Read the complete review