Designed especially for the over 50 market Tesco Finance has launched a new life insurance policy that will leave a guaranteed tax free lump sum upon claiming.
There is no medical needed as long as applicants are aged between 50 and 75 and all customers who purchase the policy before 26 June also receive a GBP20 gift voucher. Applying for the Tesco Finance life insurance policy is really easy, using the phone or online.
Payments into the Tesco Finance insurance policy stop when the person covered reaches 90 years of age but the policy remains valid until death. Typically a 55 year old man who pays GBP10 per month would receive a lump sum of over GBP2,400, while a woman of the same age and paying the same amount would receive over GBP3,000.
A recent study carried out by Zurich Insurance has shown that over half the consumers in the UK have never taken financial advice from a qualified advisor.
It may be an age related matter since the 18 to 24 year olds have the highest percentage of people without advice, 84 percent. Even for those aged 35 and over though there are still half of them who have never received financial advice. Zurich Insurance are urging everyone to consider speaking to finance professional in order to best arrange their finances.
At times of difficulty such as those being faced in the UK currently it is more important than ever to receive sound financial advice since there is a greater likelihood of problems when the economy is slow. Whether it is a Zurich Insurance financial advisor or one from another company the important element is to take advice from an expert.
It has been suggested that swapping from a car to a motorbike will make sense financially, something that is on the minds of many people at the moment.
The PR man from AA Insurance commented that many people are switching to smaller vehicles already, driven by both financial and environmental motives. Taking the step to a motorcycle helps in both these areas even more than a smaller car. He noted that they are easy to park, economical to run and also cheaper to insure.
There are currently just over 1.2 million motorbikes registered in the UK, though perhaps that figure is going to rise based on what the man from AA Insurance has to say.
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