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My mother has just passed away so needless to say things are a bit bad at the moment. The family and I were trying to find where she kept her personal papers and we were surprised to find that she had a life assurance policy. I know she had always remarked about the importance of life assurance and by comparison her own twin sister had died a pauper. We found it almost impossible to make contact with the insurer who gave little if any kind of procedure to make a claim. Apparently she could have put the insurance cover in her children’s names so there wouldn’t have been so much bother. My own daughter is currently buying her first property and has managed to find a life assurance comparison site which offers a whole of market service. I think I’ll check with her and see if I need to do something as well, It can be a nightmare for those left behind to sort it out.

A new menu-based online Life Assurance plan has been set up by ProProtect. To reduce costs, some features of the PruProtect plan are not available with the essentials plan.

To help you in conducting a life assurance comparison exercise, the essentials plan comprises core serious illness cover and level, decreasing or index-linked life cover, unemployment cover and income protection.

These include automatic child serious-illness cover, a guaranteed insurability option for life cover, serious-illness cover and disability cover, optional serious-illness cover for children and immediate cover. However, policyholders can upgrade to the full PruProtect cover at any time.

The essentials plan takes the same severity-based approach to cover as the PruProtect plan so that people are covered for serious illnesses and partial disabilities, not just critical conditions.

The severity-based nature of the plan means that policyholders may get a percentage of the benefit rather than the full cost. This means that payments can be made at an earlier stage of the illness, even if it is not life-threatening.

Essentials provides a great deal of flexibility in that policy holders have a choice on many aspects of their cover such as guaranteed or reviewable premiums, single or joint life, whole life or fixed term and waiver of premium on death, serious illness or capacity.

However, the products could seem complicated due to its flexibility and wide range of options.

A new menu-based online Life Assurance plan has been set up by ProProtect.  To reduce costs, some features of the PruProtect plan are not available with the essentials plan.

To help you in conducting a life assurance comparison exercise, the essentials plan comprises core serious illness cover and level, decreasing or index-linked life cover, unemployment cover and income protection.

These include automatic child serious-illness cover, a guaranteed insurability option for life cover, serious-illness cover and disability cover, optional serious-illness cover for children and immediate cover.  However, policyholders can upgrade to the full PruProtect cover at any time.

The essentials plan takes the same severity-based approach to cover as the PruProtect plan so that people are covered for serious illnesses and partial disabilities, not just critical conditions.

The severity-based nature of the plan means that policyholders may get a percentage of the benefit rather than the full cost.  This means that payments can be made at an earlier stage of the illness, even if it is not life-threatening.

Essentials provides a great deal of flexibility in that policy holders have a choice on many aspects of their cover such as guaranteed or reviewable premiums, single or joint life, whole life or fixed term and waiver of premium on death, serious illness or capacity.

However, the products could seem complicated due to its flexibility and wide range of options.

Anyone who has been turned down for traditional loans or refused high interest rates can borrow money with peer to peer lending. If you have been rejected from borrowing money from a traditional banking institute, you can apply for the peer-to-peer loans and get accepted if someone decides that he/she is willing to take the risk to loan you money.

Anyone can borrow money with peer to peer lending because social lenders instead of banks get you the money you need to buy a home. You may borrower money from one individual or a group of individuals. If you borrow from a group of lenders, then you will have to pay each member of that group back plus interest. You can choose the amount of interest you wish to pay, and you can choose the amount of mortgage you wish to repay on the loan.

If you have been turned down from, traditional banks peer to peer may be a good way to get a home. However, you still run the risk of being turned down. If the lenders decide that you are not worth the risk, they will not lend you money. They are authorized to view your credit score and debts once they consider lending you money.

If the lender(s) feel you owe too much out in debts, or your credit is below 300 they may not offer you money to buy a home. It is a risk you will have to take. In social lending (Peer-to-Peer (P2P) you can invest, borrow money, or lend money to others. Read the rest of this entry »