Helping you make the most out of your money
Guides and tools to help you decide what protection insurance you may need
Life insurance can give you peace of mind that in the event of your death your loved ones would be financially looked after. We list the different types of life insurance and the best providers. The average payout for life insurance, critical illness, and income protection rose for the third year in a row, according […]
Record numbers of people are paying for private healthcare amid frustration at NHS waiting lists and difficulty accessing care. Here we explain whether going private is worth it. Across the UK last year 272,000 people self-funded an operation or diagnostic procedure at a private hospital – a third more than the year before the pandemic, […]
Life insurance pays money to your estate which can be used by your loved ones if you die during the term of the policy. It can provide crucial financial support to loved ones at a time of great distress and uncertainty. But there are many misconceptions about life insurance and it can be hard to […]
Lots of us have life insurance linked to our mortgages. This helps ensure our families won’t lose their homes if we die sooner than expected. But what if serious illness meant you had to stop work and were unable to pay the household bills? Critical illness insurance pays out a lump sum to support you […]
Income protection is an insurance policy that pays a regular tax-free income if you are off work due to illness or injury. It is often considered alongside life insurance. An income protection policy can help cover essential living costs such as the mortgage, rent and bills, reducing the financial strain until you are ready either […]
Over-50s life insurance offers a fixed tax-free cash payout – generally, between £1,000 and £25,000 – when you die. Money from the life insurance goes to named beneficiaries, usually family. The money can be used as a contribution to funeral costs or other, relatively small, expenses. Unlike with regular life insurance policies, there is no […]
As part of our How Much Would You Lose campaign, Times Money Mentor is looking at the importance of personal insurance to your financial stability. Below, one reader explains how a critical illness payout made a huge difference to her life after she was diagnosed with thyroid cancer. Louise Godson, 28, was sitting at her […]
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