your cover online - Insurance News Articles 81834

Your Cover Online

Home | About | Articles | Reports | Links | Site Map

Welcome to Your Cover Online!

Insurance Articles

•

•

•

•

Home
:: About Us
:: Contact Us
:: Article
:: Reports
:: Links
:: Site Map

Related Links

Goods In Transit Insurance

Yacht Insurance

Hgv Courier Insurance

Sisters Are Insuring Themselves: Finance is the New Feminism

By Rachel Lane

According to a study by LifeSearch, the number of women in the UK buying life insurance in the UK has doubled over the last six years. As women are increasingly closing the gender related pay gap and even becoming the main breadwinners in a household, they are also becoming more vigilant about their finances and less financially dependent on their partners.

Linda Tyson, a policy advisor for LifeSearch stated that the increase was attributed to the ?growing awareness of the importance of protecting the financial stability of the family. More and more women are either the main or only breadwinner and are realising the importance of protecting their incomes.?

An additional advantage for women is upon applying for cover, they pay less in premiums than men, which is additional money to save, invest or spend on holiday with the girls. This reduction in premiums is based on the fact that women live an additional seven years longer than men. Insurance companies deem men a greater insurance risk when it comes to life insurance. In general, a woman pays 25% to 35% less than a man.

The most cost effective way to buy life insurance is term cover, which allows for a lump sum to be paid out over a given period upon the death of the policy holder. The lump sum will protect the partner or family and the extent of the cover will vary on how much the policy holder wishes to invest and length of time over which they wish to invest it.

Alternatively, there is the option of whole-of-life insurance, in which case a lump sum will be paid out upon the death of the policy holder ? whenever that happens. Given that the payout is guaranteed, the premiums for this type of life insurance are much higher, although women still pay less than men.

Websites such as moneynet provide an easy method for women to review different life insurance policies, the risks and associated costs and given that the ratio of male to female web users is almost 50:50, it?s not surprising that women have the web (and their finances) under their thumb.

Resources

Channel 4 Money
Moneynet Life Insurance
Women and life insurance

For more information about this article and/or the author visit http://www.channel4.com/4money/smartmoney/features/sex_does_matter_200804_page2.html

For more information, news and articles see:

Ppi Claims - Ppi Claims
...ssured into taking out payment protection insurance on your loan. The representative from the bank seemed to bamboozle you with facts and figures and to be honest; you didn`t quite understand what wa...
Visit Ppi Claims...

Loading Bay Equipment - Loading Bay Equipment
... for our clients. With this equipment, you are able to load and unload all your merchandise with great ease and efficiency. We provide high quality equipment which is cost effective as well. We implem...
Visit Loading Bay Equipment...

Dock Levellers - Dock Levellers
...near for loading and unloading your various goods. Our levellers are extremely strong and durable, and are made to handle your vehicle with ease. You are given easy operational control and flexibility...
Visit Dock Levellers...

Courier Insurance - Courier Insurance
...costly or important. Losing such document or parcels can mean huge losses for some people. Therefore,Courier Insurance has become an important consideration for any one using mailing services. It is n...
Visit Courier Insurance...

Marina Insurance - Marina Insurance
...cy wordings from a variety of companies, this is a guide is to help you decide what sort of policy would suit you more and give you the exact cover you need. You have to look for value for money the c...
Visit Marina Insurance...

Payment Protection Insurance - Payment Protection Insurance
...he global economic downturn, there is a real concern for many people regarding the security of their job with the threat of being made redundant ever increasing. The biggest fear for many is that they...
Visit Payment Protection Insurance...

Car Gap Insurance - Car Gap Insurance
...rd of car gap insurance until recently. I suppose unless you buy a car on finance you might not know about such policies. As I understand it the car gap insurance covers you in the event of a car be...
Visit Car Gap Insurance...

Jet Ski Insurance - Jet Ski Insurance
... skis Jet Ski Insurance have been with us for some time now in the UK and there are many makes and models that frequent numerous Jet Ski Insurance water centres. Taking to the wet stuff on your power...
Visit Jet Ski Insurance...

Gap Insurance - Gap Insurance
... familiar with car insurance but how many people know what gap insurance is? I know that I had never heard about this type of insurance before until it was brought to my attention recently. The gap ...
Visit Gap Insurance...

Hgv Courier Insurance - Hgv Courier Insurance
...ent type of insurance that you would normally purchase for a delivery business. So there are now insurers who specialise specifically in more complex insurance policys, they are experts in business in...
Visit Hgv Courier Insurance...

Click For More Detailed Information on:

Home | About Us | Contact Us | Articles | Special Reports | Links | Site Map

Copyright � 2003-2010. All Rights Reserved.