Life Insurances UK https://lifeinsurances.uk.com/ Protecting your loved ones against every eventuality Wed, 22 Nov 2023 21:55:07 +0000 en-GB hourly 1 https://wordpress.org/?v=6.6.2 https://lifeinsurances.uk.com/wp-content/uploads/2020/12/cropped-liuk-fav-32x32.png Life Insurances UK https://lifeinsurances.uk.com/ 32 32 The Great British Entrepreneur Awards Shortlist: My Journey so Far https://lifeinsurances.uk.com/the-great-british-entrepreneur-awards-shortlist-my-journey-so-far/ Wed, 22 Nov 2023 21:55:07 +0000 https://lifeinsurances.uk.com/?p=809 Michelle Niziol Triumphs at The Allica Bank Great British Entrepreneur Awards   21st November, London — Michelle Niziol has been awarded Family Business Award for South East at The Allica...

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Michelle Niziol Triumphs at The Allica Bank Great British Entrepreneur Awards

 

21st November, London — Michelle Niziol has been awarded Family Business Award for South East at The Allica Bank Great British Entrepreneur Awards.

Recognised annually as one of the most prestigious accolades in the entrepreneurial world, The Allica Bank Great British Entrepreneur Awards received over 5,000 applications this year alone.

A Triumph in a Highly Competitive Field

Making the shortlist is an achievement in its own right given the calibre of competition, underlining the significance of IMS Property Group’s win.

Previous winner James Watt, founder of BrewDog, said that winning was “better than winning the World Cup.” Steven Bartlett has gone as far as to dub the awards as “The Grammys of Entrepreneurship,” highlighting the glamour and prestige associated with the event.

The judges commented:

“I am thrilled to witness the extraordinary achievements of this year’s winners. Their success stories are a testament to the dynamic and innovative spirit that thrives within UK entrepreneurship. These inspiring entrepreneurs embody the creativity, determination, and passion that are at the heart of our nation’s business success. Their accomplishments not only celebrate their own journeys but also light the way for future generations of innovators and business leaders”. – Francesca James, founder of The Allica Bank Great British Entrepreneur Awards

It has been a real honour to sponsor this year’s GBEA awards. Hearing the inspiring stories from this year’s winners really brings to life the important contribution British entrepreneurs make to our economy. At Allica, we couldn’t be more excited to see such a talented group of individuals making their mark in the business world and we’ll be keeping a close eye on what they do next.” – Richard Davies, CEO of Allica Bank, commented

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The Biggest Myth About Life Insurance https://lifeinsurances.uk.com/the-biggest-myth-about-life-insurance/ Tue, 03 May 2022 12:23:55 +0000 https://lifeinsurances.uk.com/?p=597 The Biggest Myth About Life Insurance There are many misconceptions about life insurance, the biggest myth about life insurance is that you don’t need it if you’re single. There are...

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The Biggest Myth About Life Insurance

There are many misconceptions about life insurance, the biggest myth about life insurance is that you don’t need it if you’re single. There are various situations where getting individual life insurance as a single person could be good idea. For example, you may have children from a past relationship that you want to provide financial protection for should you pass away. You may have other family members that depend on you financially. If you own a property that you would like to leave to a loved one if you were to die, life insurance could cover the cost of your mortgage if you pass away while covered.

The Biggest Myth About Life Insurance

The Biggest Myth About Life Insurance

How do I know if I need Life Insurance?

Now we have established that not needing life insurance if you’re single is the biggest myth about life insurance, how do you know which life insurance is for you?

The following questions are a good place to start if you’re unsure:

  • Is anyone financially dependent on you?
  • Do you have any children you want to leave money to?
  • How much money do you owe, to a mortgage and other lenders?
  • Could your funeral costs be covered or do you want to leave money for it?
  • Would you like to leave money to a charity or other organisation when you die?

These questions should give you an idea about whether life insurance is right for you. Of course it’s not the only insurance policy you could buy.

There are also products like critical illness cover, which would provide money if you were diagnosed with a specific illness. Or income protection insurance, which could cover your income if you weren’t able to work. These policies might arguably be more important to you if you’re single, as you might not have another income to fall back on if you’re unable to work.

The Biggest Myth About Life InsuranceContact Us – Life Insurance

With over 15 years of experience, our insurance advisors are passionate about keeping you and your family safe by ensuring you have the correct insurance cover.

Book a FREE appointment with one of our expert advisors here.

To get a quote or speak to a member of our team, please contact us today for a free impartial advice about critical illness cover.

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Why You Need Life Insurance https://lifeinsurances.uk.com/why-you-need-life-insurance/ Tue, 26 Apr 2022 12:02:14 +0000 https://lifeinsurances.uk.com/?p=581 Why You Need Life Insurance It’s worth considering life insurance if you have people who depend on you financially, such as: a partner who relies on your income or your contribution to...

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Why You Need Life Insurance

It’s worth considering life insurance if you have people who depend on you financially, such as:

  • a partner who relies on your income or your contribution to the household
  • children or young dependents

  • other dependents who rely on you as a caregiver

However, if you’re asking yourself, ‘is Life Insurance necessary for a single person?’ and the person in question has absolutely nobody depending on them, then you might want to look to the future. Few single people wish to remain so forever, and although this generation is leaving marriage and kids until later and later in life, it’s still something many aspire to.

Why You Need Life Insurance- Top Reasons

Buying a new home

If you die before your mortgage is repaid, then the responsibility to complete payments falls to someone you love. Life insurance enables you to be proactive about ensuring those you care for can meet those financial commitments after you’ve gone.

Just married

If you’ve recently become engaged or married and are joining families and assets, it can make life easier to know you are both covered if one of you were to die. Life insurance enables you to make financial contributions to your partner’s well-being after you’ve departed – which is a beautiful way to honour your marriage vows.

Having a baby

The cost of raising a child is expensive, even before factoring in considerations like private education and university contributions. There are policies available that run until your child reaches maturity – and after they’re 18, it’s up to you what “maturity” means.

Planning for a funeral

According to British Seniors Funeral Report 2021, between 2016-2021 the average cost of a funeral was around £5,631. Over 50s policies as well as level and increasing term policies can be used to contribute towards funeral payments.

Contact Us – Life Insurance

Book a FREE appointment with one of our expert advisors here.

To get a quote or speak to a member of our team, please contact us today for a free impartial advice about critical illness cover.

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What will Life Insurance look like in the future? https://lifeinsurances.uk.com/what-will-life-insurance-look-like-in-the-future/ Wed, 20 Apr 2022 11:59:37 +0000 https://lifeinsurances.uk.com/?p=578 What will Life Insurance look like in the future? We’re Life Insurances UK, and in this blog we’ll tackle the question ‘What will Life Insurance look like in the future?’...

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What will Life Insurance look like in the future?

We’re Life Insurances UK, and in this blog we’ll tackle the question ‘What will Life Insurance look like in the future?’ . With over 15 years of experience, our insurance advisors are passionate about keeping you and your family safe. We do this by ensuring you have the correct insurance cover.

Did you know that 14% of Brits aged 25 to 44 have never heard of life insurance?

It comes at no surprise when 88% of Brits feel uncomfortable about their financial literacy. In a recent survey, 80% of the failed answers fell within retirement. So what does this tell us about society today?

What is Life Insurance? – What will Life Insurance look like in the future?

There are different types of life insurance policies available Sometimes it can be difficult to determine which one is right for you. There are a number of different life insurance policies available. Each one has its own benefits and drawbacks. Here is a brief overview of the different types of life insurance policies available:

Term life insurance:

Term life insurance is the most basic type of life insurance policy. It covers you for a specific period of time (usually 10-30 years). If you die during this period, your beneficiaries will receive a death benefit. Term life insurance is relatively cheap. Therefore, it is a good option for people who don’t need life insurance for a long period of time.

Permanent life insurance:

Permanent life insurance is a more expensive option than term life insurance. However, it provides lifelong coverage. It also includes a savings component, which can be used to provide a death benefit. Alternatively, it can pay out premiums in the event of your death. Permanent life insurance is a good option for people who want to be sure that their loved ones are taken care of financially in the event of their death.

Universal life insurance:

Universal life insurance is another type of permanent life insurance. It offers flexibility in terms of how much coverage you need and how long you need it for. It also has a cash value component, which can be used to pay premiums or to provide a death benefit. Universal life insurance is a good option for people who want more flexibility than what is provided by permanent life insurance.

Whole life insurance:

Whole life insurance is a type of permanent life insurance that covers you for your entire life. It also has a cash value component, which can be used to pay premiums or to provide a death benefit. Whole life insurance is a good option for people who want the security of knowing that their loved ones will be taken care of financially in the event of their death.

What will Life Insurance look like in the future?

If we don’t figure out a way to educate people on how to protect themselves when life happens, a lot of people will be severely impacted. If a married spouse with a mortgage suddenly passed away with no life insurance in place, the burden of the mortgage is then left to the widow. This could add to the pressure of funeral costs and other commitments.

Contact Us – Life Insurance

Book a FREE appointment with one of our expert advisors here.

To get a quote or speak to a member of our team, please contact us today for a free impartial advice about critical illness cover.

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Critical Illness Cover UK https://lifeinsurances.uk.com/critical-illness-cover-uk/ Thu, 07 Apr 2022 13:24:56 +0000 https://lifeinsurances.uk.com/?p=563 Critical Illness Cover UK We provide Critical Illness Cover UK, book a FREE appointment with one of our expert advisors here. What is Critical Illness cover and what does it...

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Critical Illness Cover UK

We provide Critical Illness Cover UK, book a FREE appointment with one of our expert advisors here.

What is Critical Illness cover and what does it protect you against?

We provide Critical Illness Cover UK, book a FREE appointment with one of our expert advisors here. Critical illness cover is a type of insurance that provides you with a lump sum payout if you are diagnosed with a critical illness. This payout can be used to help cover medical costs and other associated expenses. This type of insurance can help to ease the financial burden on you and your loved ones during a difficult time.

What are some of the most common critical illnesses?

Some of the most common critical illnesses include:

  • Heart attack
  • Stroke
  • Cancer
  • Kidney failure
  • Multiple Sclerosis
  • Organ failure.

Important things to consider before purchasing Critical Illness cover – Critical Illness Cover UK

Before purchasing Critical Illness cover, be sure to read the terms and conditions carefully. This will help you to understand exactly what is covered under the policy and what is not. It is also important to make sure that the policy is right for you and your family.

How to choose the right critical illness policy for you

When it comes to choosing a Critical Illness cover policy, it is important to carefully consider your needs and options.

Here are a few tips on how to choose the right policy for you:

  1. Make sure you understand what is covered under the policy. This will help you to determine if the policy is right for you and your needs.
  2. Make sure you are comfortable with the premiums and fees associated with the policy.
  3. Ask questions about the policy so that you are fully aware of what you are purchasing.
  4. Compare different policies to find the best one for you.
  5. Choose a policy that provides the right amount of coverage for you and your family.
  6. Make sure you review the policy regularly to ensure that it still meets your needs.
  7. Get advice from a financial advisor if you are unsure about which policy to choose.

The amount of money available in the event of a critical illness varies depending on the type of plan you purchase, but it is typically a percentage of the total sum insured.

Critical illness cover can be an important safety net for you and your family, as it can help to ease the financial burden in the event of a major health setback. Our team of experts aim to provide you with the best critical illness cover, suited to you entirely.

Contact Us – Critical Illness Cover UK

Book a FREE appointment with one of our expert advisors here.

To get a quote or speak to a member of our team, please contact us today for a free impartial advice about critical illness cover.

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Christmas Jumper Day 2021! https://lifeinsurances.uk.com/christmas-jumper-day-2021/ Mon, 13 Dec 2021 13:22:43 +0000 https://lifeinsurances.uk.com/?p=535 The post Christmas Jumper Day 2021! appeared first on Life Insurances UK.

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Last Friday our team celebrated Christmas Jumper Day and donated £500 to the important cause. We had a fantastic day celebrating a year of hard work through delicious food and drink, all while supporting those who are less fortunate this Christmas.

Christmas Jumper Day is held on December 10 every year by Save the Children in an end of year drive to help children across the globe.

Office workers and school pupils will be among the people taking part by wearing their silliest jumper for the occasion.

Since its launch in 2012, the event has raised more than £27 million.

The Save the Children Fund, commonly known as Save the Children, was established in the United Kingdom in 1919 to improve the lives of children through better education, health care, and economic opportunities, as well as providing emergency aid in natural disasters, war, and other conflicts.

As much as Christmas is a time to celebrate love with our family and friends, it’s also important that we spread a little love elsewhere.

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Wreath-Making Masterclass with Simon Lycett https://lifeinsurances.uk.com/wreath-making-masterclass-with-simon-lycett/ Mon, 13 Dec 2021 12:55:27 +0000 https://lifeinsurances.uk.com/?p=531 The post Wreath-Making Masterclass with Simon Lycett appeared first on Life Insurances UK.

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This week we had the honour of being invited to Hedges Law’s first in person event for two years: a wreath-making masterclass with Simon Lycett, celebrity florist.

The event was hosted in the beautiful Jam Factory in Oxford and was full of inspirational women in business. On arrival, we were each provided with a box full of wreath making goodies and given a wreath making masterclass from the fantastic Simon Lycett. Simon is known for his role as a judge on the vibrant competition series ‘Full Bloom’. As well as this, Simon frequently does work for the royals and many other prominent celebrities. Whilst demonstrating the process of wreath making, Simon chatted to us and answered questions about his career in floristry.

Then it was our turn to give it a try! After a couple of failed attempts we got into the swing of it, and, fuelled by prosecco and baked treats our Christmas wreaths began to come to life.

The event really got us in the Christmas spirit and it was so lovely to spend the day with such inspirational women. Plus, we all left with a gorgeous wreath to put on our front door. Thank you so much to Hedges for hosting such a wonderful event, it was an honour to be there.

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BREAKING NEWS: Rishi Sunak Announces Budget https://lifeinsurances.uk.com/breaking-news-rishi-sunak-announces-budget/ Fri, 29 Oct 2021 08:19:41 +0000 https://lifeinsurances.uk.com/?p=481 The Chancellor of the Exchequer’s Autumn Spending Review and Budget provided some good news for property agents but leaves a lot to be desired.   The UK Government missed a...

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The Chancellor of the Exchequer’s Autumn Spending Review and Budget provided some good news for property agents but leaves a lot to be desired.

 

The UK Government missed a golden opportunity to reshape an outdated Stamp Duty Land Tax system to reflect rising house prices and remove some of the market distortions it causes.

It was further disappointing to see there is no reform of the court system to deal with the volume of possession hearings – an estimated 62,000 just in England and Wales alone – or proper funding for landlords so that calls for energy-efficiency improvements on an older private-rented stock are financially viable, and not just hot air.

A rise in the national living wage is good in principle but with inflation expected to top 4 per cent by the end of the year, higher household bills from the on-going energy crisis, a cost-of-living squeeze, and the cut to Universal Credit, it is unlikely to provide the boost to incomes that’s needed.

The £65m funding for those in rental debt provides some support but the devil is in the detail. Almost four million low-income households are in arrears with their household bills, yet this money will be targeted at those who are most at risk of homelessness, excluding a significant number of others from help.

A £1.8bn fund for brownfield homes and £11.5bn for 180,000 affordable homes is welcome, but the latter is not new money and only 32,000 of those homes will be social rented housing – a mere third of what is needed which is simply not enough when council waiting lists are predicted to almost double to 2.1 million by next year.

The Chancellor announced £5 billion to remove dangerous cladding from high rise buildings, partially funded by the Residential Property Developers Tax to be levied on developers with profits over £25 million at a rate of four per cent.

Business rate relief

To support local high streets, a new temporary business rates relief in England is being introduced for eligible retail, hospitality, and leisure properties for 2022-23. Over 90 per cent of those eligible businesses will receive at least 50 per cent off their business rates bills in 2022-23.

 

 

Some words from Michael Hughes NAEA Propertymark, Commercial Board Member:

“The commercial property market should welcome the Chancellor’s comments relating to business rates announced in today’s Autumn Budget.

 

Most retail, hospitality, and leisure businesses are still fighting hard to get back on an even keel following the COVID-19 pandemic and so the certainty of continued business rates relief for these sectors is a great help. This will aid those business owners and investors looking to prepare their properties for sale and give purchasers the confidence to progress with acquisitions.

 

The introduction of three yearly business rate revaluation in 2023 will help to flatten the peaks and troughs that the previous valuation time scale created.

 

The business rates exemptions for green property improvements will benefit and enhance the quality of business property stock at a time where the environmental benefits of a premises are seen as crucial to their sustainability by much of the financial industry.

 

Finding a way to taper the benefits of all these announcements following 2023 may be difficult, but the Chancellor has given us hope for the growth in the commercial property market with this budget.”

*content courtesy of propertymark*

 

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Our CEO is now a Prince’s Trust Ambassador! https://lifeinsurances.uk.com/our-ceo-is-now-a-princes-trust-ambassador/ Mon, 18 Oct 2021 10:34:35 +0000 https://lifeinsurances.uk.com/?p=474 The post Our CEO is now a Prince’s Trust Ambassador! appeared first on Life Insurances UK.

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Michelle Niziol, CEO of Life Insurances UK has recently partnered with The Prince’s Trust to become an ambassador for the Women Supporting Women initiative. Michelle has always had a calling to help the younger female generation to give them all the opportunities they deserve. So, after participating in the ‘Brilliant Breakfast’ for this fantastic cause, Michelle knew it was the time for her to begin her journey as an ambassador.

The Prince’s Trust help 11- to 30-year-olds to find the tools and confidence to try free courses and start careers. Check out more of what they do here.

Women Supporting Women is a passionate group who are committed to changing the lives of young women at The Prince’s Trust, helping them gain the skills needed to live, learn and earn.
The mission of Women Supporting Women is simple: to provide the right help to nurture, empower and inspire young women to build their own futures through employment, self-employment, education or training.

The Prince’s Trust Youth Index has shown over the years that young women show:

  • Lower overall wellbeing and are often more likely to feel anxious and stressed.
  • The Trust’s Young People in Lockdown report found 53% of young women aged 16 to 25-year say their anxiety levels have increased as a result of the pandemic.
  • At the start of the pandemic, more than 78 per cent of those who lost their jobs were women and two-thirds were between the ages of 18 and 34, according to PWC.
  • 60 per cent of young women are fearful for their future due to the pandemic, with more than half saying that finding a job “now seems impossible
  • The Office of National Statistics data shows that there are currently 418,000 young women not in education, employment or training
  • The Office of National Statics reports that 123,385 young women were excluded from secondary school, based on the 2018-2019 cohort.
  • The number and rate of permanent exclusions for boys decreased since the previous year but the number of for girls has increased.

Michelle is so excited to be a part of this powerful movement towards a widened range of opportunities for the younger generation.

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Why it pays to get life insurance when you’re young https://lifeinsurances.uk.com/why-it-pays-to-get-life-insurance-when-you-are-young/ Sat, 05 Dec 2020 16:17:39 +0000 https://lifeinsurances.uk.com/?p=330 Insurance isn’t the most glamourous of topics but all of us will have some form or another in our lifetimes and it’s something that many of us need, to protect...

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Insurance isn’t the most glamourous of topics but all of us will have some form or another in our lifetimes and it’s something that many of us need, to protect ourselves and our loved ones from a variety of risks. Life insurance is a type of protection, that pays out a cash lump sum to an individual’s family (or chosen beneficiaries) in the event they should die. It’s often taken out alongside changes in circumstance, such as buying a home or having a child but can be taken out at other times too.

Do you need life insurance?

Firstly, it’s important to point out that not everyone needs life insurance, yes it can benefit most people, but it’s particularly useful for those that have significant financial commitments. The main reason for getting life insurance is to protect your loved ones from the risk of financial hardship in the event of your death and if you’re the main earner in the household this is especially true. Whether you’re the main breadwinner or not, you need to pose yourself the question, what would happen to your loved ones financially in the event that you die? It’s a fairly morbid question to ask, but an important one. Chances are the last thing you’d want to happen while your family is grieving their loss is for them to be worried about how to pay the bills or keep a roof over their heads. That’s where life insurance comes in. By taking out a life insurance policy, you can ensure that all of your debts and financial commitments are paid for, so your family doesn’t need to worry about money in the immediate aftermath of your death.

Top reasons for taking out life insurance

There are a multitude of reasons you may take out a life insurance policy, these are among the most common:

  • Buying a new home
  • To cover rent
  • Getting married
  • Having a baby
  • Planning for a funeral
  • Leaving something for the next generation
  • To cover bills and debts

Whatever your reason for taking out a policy though, it’s typically to protect your loved ones in some way, shape or form.

What affects the cost of life insurance?

There are a variety of factors which will affect the cost of your life insurance, some you’ll have control over and others you won’t. Here we summerise some of the most important influencers:

  • Your age – sadly policies will get more expensive as we age
  • The type of policy you choose, level, decreasing, whole of life
  • The level of cover, i.e. size of the payout
  • Whether you’re a smoker
  • Where you live
  • What your job is
  • Your health and your family’s health history
  • Whether you do anything hazardous like scuba diving or rock climbing

As we age our health tends to deteriorate and we become more prone to illnesses and have a higher chance of dying. For those reasons, it is usually better to take out a life insurance policy sooner rather than later. The longer you leave it the higher the monthly premiums will become.

 

*Content courtesy of The Voice*

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