The Latest Life Insurance News And Industry Stories For 2023

The latest life insurance news and features from Insurance Hero regarding the many aspects of the UK Life Insurance industry. If you’re looking for the latest UK life insurance news, you’ve come to the right place.
Everyone can benefit from life insurance. Whether you are young or old, married or single, with kids or without, life insurance gives you peace of mind. You should still consider it even if you don’t think you do. The best way to stay up-to-date on all the latest life insurance news and stories is by keeping up with the blogosphere.
On this page, we’ll update you on all the latest goings-on in the life insurance world so that you can stay informed and make the best decisions for your needs.
There’s a lot to keep up with regarding life insurance – from the latest news and stories to tips and advice. But don’t worry, we’re here to help. Stay up-to-date with the latest life insurance news, updates on new products, changes to laws and regulations, and more!
8 reasons to consider taking out life insurance
Financial security for your family
One of the primary benefits of life insurance is that it can provide financial security for your family in the event of your death.
If you are the primary breadwinner for your family, your death could leave them in a difficult financial situation. Life insurance can help to ensure that your family can maintain their standard of living in the event of your death.
Peace of mind
Another benefit of life insurance is that it can provide peace of mind. Knowing that you have life insurance can help you to relax and enjoy your life, knowing that your family will be taken care of financially if something happens to you.
Pay off debts
Life insurance can also pay off debts, such as a mortgage or car loan. This can be especially beneficial if you have a young family and want to ensure that they are not burdened with debt in the event of your death.
Create an inheritance
Life insurance can also create an inheritance for your children or other loved ones. You can use life insurance to help ensure that your loved ones can inherit money or property from you, even if you die before they can do so themselves.
Charitable giving
Another benefit of life insurance is that it can be used for charitable giving. If you name a charity as the beneficiary of your life insurance policy, the proceeds from the policy will go to the charity upon your death.
This can be a great way to support an important cause while also providing for your family after your death.
Tax benefits
There are also some tax benefits associated with life insurance. The proceeds from a life insurance policy are typically tax-free, meaning they can help pay for expenses without incurring any taxes.
Some life insurance policies may qualify for special tax treatment, such as being exempt from estate taxes.
Flexible coverage
Life insurance coverage is flexible, so you can tailor it to meet your specific needs and goals. You can choose how much coverage you need and what type of policy best suits your needs.
For example, you may choose a term life insurance policy if you only need coverage for a specific period, such as when your children are young. Or, you may choose a whole life insurance policy if you want coverage for your entire life.
Affordable rates
Life insurance is also more affordable than many people realize. Rates will vary depending on factors such as your age and health, but there are many ways to get affordable coverage.
Our current life insurance news stories from around the web
The State Of Over Fifties Life Insurance Cover
Right now, it would appear that at the cutting edge of Over 50’s Life Insurance is Royal London. Shockingly, they are th…
UK Insurers Poll Consumers To Determine Their Behaviour
Two reports have recently been released by leading insurers comparethemarket.com and AXA insurance group, both intereste…
How Group Income Protection Works In The Finance World
There’s no denying that workplace stress is a significant concern. It accounts for 70 million sick days every year. …
Prudent Financial Planning For Working Mums
Working Mums Have Three Main Priorities: The health of their kids Their children’s happiness Providing fina…
LV= Offers Relevant Life Cover for Employer Competitiveness
UK protection company LV= recently began offering a relevant life product to help employers attract the best workers in …
Average Life Expectancy UK – Updated Life Span Stats 2023
The United Kingdom’s life expectancy statistics have improved since 1950. However, a recent life expectancy UK …
Life Insurance Takes Back Seat To Other Cover
Though most people consider life the most important asset they have, this perspective is not reflected when purchasing i…
Potential Impact Of Brexit On The UK Insurance Industry 2023
With the EU referendum drawing closer, insurers are sitting up and following the news about the possible implications th…
Poverty In Later Life & Old Age Poverty UK Statistics
A recent Prudential study revealed shocking statistics regarding the financial status of older UK residents. Po…
Did The Flagship AIG Critical Illness Plan Just Improve Further?
AIG Insurance recently revised its YourLife Plan to include over 80 conditions. Alan Lakey, Director of C.I…
Brits Rethinking Their Inheritance Plans
When we die, we leave our assets to surviving loved ones. Unfortunately, many Brits do not expect to leave any ass…
Lloyds Banking Continues Recovery Efforts With German Life Insurance Sale
Lloyds Banking Group recently sold Heidelberger Leben, its German life insurer, to Hannover Re and Cinven. The rei…
Many UK Women Are Not Sufficiently Protecting Their Futures
The 21st-century woman is more financially independent and enjoys more freedoms than her predecessors. In most …
Thousands of Equitable Life Collapse Victims May Not Receive Payouts
There is a sad news in the life insurance industry. More than 200,000 people who suffered financial losses due to the co…
Aggressive Supermarket Tactics And Life Insurance
UK supermarkets are currently in a sales war for life insurance and many consumers have become casualties. …