Finance Choices
Virgin Money Life Insurance
Virgin - one of the most respected brands in Britain - is now becoming one of the biggest brands of the 21st century. They are involved in planes, trains, finance, soft drinks, music, mobile phones, holidays, cars, wines, publishing, bridal wear - the lot! What tie all these businesses together are the values of business tycoon Richard Branson. They have created over 200 companies worldwide, employing over 25,000 people and with total revenues around the world in 2002 exceeded £4 billion (US$7.2 billion).
Virgin first started off with the Virgin music stores which has quickly developed into a major financial institution. In the Virgin group now you can find a whole host of companies that carry the famous Virgin logo such as Virgin Atlantic, Virgin Mobile, Virgin Trains and of course, Virgin Money. With Virgin Money they have offered one of the best credit cards in the UK at the present time.
Virgin Life Insurance
Virgin offer three types of life insurance cover:
Virgin Life Cover is designed to pay out a lump sum to cover your debts and make sure your family could cope if you died. Virgin allow you to put this plan under trust, which could help your family avoid inheritance tax.
Virgin Mortgage Protector is designed to pay off all or part of your repayment mortgage if you die, so no one?s left worrying about the roof over their heads.
Serious illness cover is sometimes called critical illness cover. Virgin Life allow you to add this to Virgin Life Cover or the Virgin Mortgage Protector.
Summary
Virgin offer a very competitive deal on life insurance. Their quotes are in line with any of the other major high street providers and the no hassle approach to getting a quote means that you can apply in 10 - 15 minutes on their website. The frequently askes questions section on the site helps to cut through the financial jargon and it akes the whole process much less daunting. You can opt for standard life cover or just mortgage protection so you don't have to pay for unnecessary cover that you don't feel that you need.
This is another good value insurance product from Virgin.
Virgin Life Insurance
Virgin first started off with the Virgin music stores which has quickly developed into a major financial institution. In the Virgin group now you can find a whole host of companies that carry the famous Virgin logo such as Virgin Atlantic, Virgin Mobile, Virgin Trains and of course, Virgin Money. With Virgin Money they have offered one of the best credit cards in the UK at the present time.
Virgin Life Insurance
Virgin offer three types of life insurance cover:
Virgin Life Cover is designed to pay out a lump sum to cover your debts and make sure your family could cope if you died. Virgin allow you to put this plan under trust, which could help your family avoid inheritance tax.
Virgin Mortgage Protector is designed to pay off all or part of your repayment mortgage if you die, so no one?s left worrying about the roof over their heads.
Serious illness cover is sometimes called critical illness cover. Virgin Life allow you to add this to Virgin Life Cover or the Virgin Mortgage Protector.
Summary
Virgin offer a very competitive deal on life insurance. Their quotes are in line with any of the other major high street providers and the no hassle approach to getting a quote means that you can apply in 10 - 15 minutes on their website. The frequently askes questions section on the site helps to cut through the financial jargon and it akes the whole process much less daunting. You can opt for standard life cover or just mortgage protection so you don't have to pay for unnecessary cover that you don't feel that you need.
This is another good value insurance product from Virgin.
Virgin Life Insurance
posted by Barbara Gordon at 3:05 PM
Virgin Money Life Insurance
3 Comments:
Virgin offers you Virgin Life Insurance.
For as little as £6 per month, the policy is designed to pay out lump sum on your death, to ensure your family could cope if you died, and to pay off your debts.
To further protect your beneficiaries, Virgin will allow you to put this plan under trust in order to avoid inheritance tax.
Virgin Life Insurance offers a choice of either standard life cover or mortgage protection, and can also add serious illness protection covering the 20 most serious conditions stated. Cover can be arranged in less than 10 minutes.
Virgin are offering another great service, Virgin Life Insurance. Allowing you to insure yourself for as little as £6 per month. Virgin Life Insurance offers straightforward life cover or mortgage protection, with the option of serious illness cover which will cover the 20 most serious conditions. They can even get you covered in less than 10 minutes. The policy is designed to pay out a lump sum to ensure your family could cope if you died, and to pay off your debts. It is possible to put this plan under trust in order to avoid inheritance tax.
Proposals to introduce two levels of cancer cover have been scrapped, the insurance trade body has announced.
Plans brought forward by the Association of British Insurers (ABI) last year would have created two types of cancer cover; one that paid out on a wide range of cancers upon diagnosis, and another cheaper policy that would only pay out when the cancer was more advanced.
But the ABI today said that insurers would have to provide the higher level of cover.
The announcement is accompanied by new guidelines to make buying critical illness, income protection and private medical insurance policies less daunting.
Memory test questions like "Have you been to a doctor in the last five years?", will be banished from application forms under the drive to improve clarity on health and protection insurance.
Private medical insurance information leaflets should also be improved to better explain what treatment will be covered for different illnesses including cancer.
And guidance on application forms will also ensure clear warnings are provided about the likely consequences of failing to disclose pre-existing medical conditions.
"Today's announcements will help customers better understand health and protection insurance, and ensure that in the future there are fewer declined claims," said Richard Walsh, the ABI's head of health insurance.
"The response to our consultation on critical illness insurance showed great support for our proposals to improve clarity. We have listened to concerns from cancer charities and others, and we will not now be introducing two levels of cover for cancer ? insurers will have to provide the higher level of cover."
The ABI's plans to introduce two levels of cancer cover drew criticism from both cancer charities and industry representatives.
The Association of Independent Financial Advisers said in its response to the consultation: "A two-tier cancer definition presents significant risks in both consumer understanding and practical terms.
"Psychologically, there is no stage where cancer is diagnosed and would not be considered by the sufferer to be a critical illness."
Macmillan Cancer Relief had described the plan as a "backward step".
Spokesperson Ayesha Owusu-Barnaby said: "If you've just been diagnosed with cancer, probably the last thing you want to do is have to prove to your insurance company how ill you are, particularly as the nature of the disease and its treatment can mean you may feel well one day and too ill to work the next."
Post a Comment
<< Home