Why you should consider online income protection quotes

Ever considered income protection insurance? If the answer’s no then you wouldn’t be in the minority – when compared to life insurance, few people understand the value of income protection. In fact, statistics on how UK households plan to cope with financial hardship show that, whilst 36% of UK households have life insurance, only 8% have income protection insurance. Financial hardship could entail the loss of a loved one and primary contributor to the household income. Whilst this can have a dramatic and lasting effect on both you and your finances, statistics show that you are 3 times more likely to be ill for 6 months or more than to die during your working life. Therefore it seems we really should be giving income protection insurance a little more thought.
Out of employment

If you suffered an illness or injury that prevented you from doing your job, are you prepared to lose your salary? The change in circumstances can have a profound effect on household life, especially if you’re tasked with managing the finances of a whole family. Employers are only legally obliged to provide you Statutory Sick Pay of £87.55 a week for up to 28 weeks; to put this into perspective, that’s just over £350 a month, a sum many people would struggle to get by on. If out of employment then the benefits you’d receive from the government would be unlikely to cover your mortgage or rent.

Critical illnesses

Yet the fact remains, less than 10% of households have income protection insurance in place. Considering the recent findings announced by Cancer Research UK that 1 in 2 people will develop cancer at some point in their life, the figures just don’t add up. A critical illness can have drastic effects on your lifestyle, making protection all the more important.

Peace of mind

Being unable to carry out your job or even simple day-to-day tasks can be frustrating, and if you’re unable to provide for your household then this can bring only greater stress to family life. Buying income protection insurance offers some stability, and whilst it can’t reduce the emotional impact of a situation like this, it will at least provide some peace of mind for whatever’s ahead.

Online income protection quotes

When you consider how easy it is to buy insurance online then it makes it even harder to believe that so many people don’t have protection in place. The internet makes retrieving and comparing online income protection quotes simple and hassle-free, and with the range of prices before you then you’ll be well-placed to find an affordable option. It’s important to do a little research to find the best deal for you, and discount brokers can be a good option for many customers.

Discount brokers

Discount brokers are much like your typical broker, offering a great range of insurance products from a reliable panel of providers. However, where they’re different is in the way they charge you – typical brokers will take commission on your policy, meaning they’ll be taking that little bit of your hard-earned cash every month. This can amount to hundreds of pounds when considering the length of typical income protection policies, but discount brokers charge just a small one-off fee for setting up your insurance, often as little as £20. They then rebate you all commission to ensure you get the cheapest deal possible.

Take Best Price Financial Services for example: their online income protection quotes are some of the most competitive around. What’s more, they come from some of the best insurance providers – the ones that you can trust to provide great cover at an affordable price and, most crucially, pay out when you need it. They offer quotes from providers such as Aviva, Zurich and Friends Life. The latter of these three paid out an average of £860 a month per claim in 2013, and accepted 85% of all claims received. 10% of claims were not accepted due to inaccuracies in the medical definition given by the insured person at the start of the policy, foregrounding the importance to reveal any existing health issues – honesty is the best policy. Being honest when filling in your form will mean you can be sure that your claim will be accepted when it matters.

Take time to gather income protection quotes, to compare prices and to take note of the individual features offered by each option. Your cover will vary between providers, and it’s important to be sure that you’re happy with everything on offer. Taking out the policy is quick – fill in a form, or submit your details by post, and you’ll feel that weight lifted from your shoulders. There are few better feelings than knowing that your finances, and family, are safeguarded, and with online income protection quotes just a click away, it couldn’t be easier. Visit Best Price FS to find out more and gather quotes today.

Pre-Planning for Your Monument Stone and Memorial

A monument stone stands as an enduring reminder of your life. The time will come when your family will be faced with saying goodbye, and you can ease that difficult time by making plans in advance for your memorial and other final arrangements. Pre-purchasing or financing your monument stone and other components of burial or cremation serves to ease both the emotional and financial burdens that families face upon the death of their loved one. Unfortunately, this is a difficult process for most people to undertake. Following are some practical ideas to help you get started.
Make Your Wishes Clear

Written requests are important because they provide a clear indication of your wishes. Experts also suggest that you discuss your plans with those closest to you, so they are aware of your decisions in advance. This is also a great time to discuss their preferences. Many couples plan their services together to alleviate the stress for each other. Pre-planning can also help alleviate financial strain as well as ease the stress of planning a service when someone is already grieving. If you haven’t already done so, this may be something you want to discuss with your own parents or other relatives who you may depend on you to carry out their wishes.

Making Important Final Selections

In addition to choosing a casket, memorial site and type of services you prefer, consider the type of monument you might like to have. A monument, also known as grave marker or headstone, provides an important physical presence and point of comfort for loved ones. Monuments vary widely in style and price, and selecting the right one for you is not an easy process. By pre-selecting your own monument, you can add a personal touch that allows your unique personality to shine through, giving your family a way to celebrate your life and time together.

Consider whether you prefer simple or ornate. You can choose from plain, flat markers all the way up to elaborate statues in a variety of natural stone materials. You can add a favorite quote or create your own comforting words for those who will visit your final resting place. You can choose pictures or adorn the marker with symbols to represent those aspects of your life you most want to commemorate.

The beauty of pre-planning is you can also discuss with your family what they most cherish about you and incorporate this information when planning your monument. Think of this as a treasured gift that you can leave for your family, and a way to take comfort that you will be remembered for what you hold dear.

Remember to Verify Important Details

When planning your monument, keep in mind the rules of the cemetery where the monument will be placed. Many sites have strict regulations regarding size, placement, type, installation and construction. These rules may also vary depending on the type of plot you purchase. Burial sites for caskets and cremation urns can have different foundations, which may affect your monument’s specifications. Ask these specific questions when selecting your location, and verify them again before you plan and purchase a monument.

When you do purchase the monument, it is also important to ask about price guarantees and payment arrangements. Ensure that you obtain all of this information in writing and that someone close to you, a trusted family member or lawyer, is fully aware of these details and the location of the documents.

Although it’s not always easy to contemplate your final resting place or arrangements, doing so can be a tremendous relief to your family, both financially and emotionally. It can be liberating to choose your own memorial and to relieve your family of this burden, allowing you to enjoy the time you have now. To get started on this process, contact a monument company in your area. Most are happy to provide information free of charge to help you pre-plan your monument stone.