Posted on Friday 4th of September 2015
Having a first baby is a steep learning curve. One of the first things new parents may have to learn is how they can adapt to survive on minimal sleep. It's also expensive. Cots, prams, car seats and other paraphernalia all need to be bought to keep the newborn safe and healthy. Putting these together means that new parents can often find themselves spending money and missing out on important purchases.
A Savings Account Versus Life Insurance
Parents may open some form of savings account for their new arrival. In itself this can be a sensi...
Posted on Friday 28th of August 2015
Would you rather leave your worldly goods to your loved ones (or your favourite charity) or the tax man? Inheritance tax has long been the subject of heated debate, but the reality is that it's highly unlikely that it will be repealed any time soon. This means that for most people the options are create a financial plan to deal with it or leave your loved ones to foot the bill.
Inheritance Tax Is A Growing Concern
Under current rules transfers of assets between spouses and civil partners are (usually) ignored for the purposes of any ta...
Posted on Friday 21st of August 2015
Taking a positive approach to life and making lifestyle choices which are in keeping with this is particularly important when times are challenging. In terms of finance, it means taking decisions in terms of overall value, rather than just cheapest price. To quote one definition a cynic is someone who “knows the price of everything and the value of nothing”.
Covering The Essentials Matters A Lot
These days there are plenty of companies specifically dedicated to saving consumers money. For example, price-comparison sites aim to help cons...
Posted on Friday 14th of August 2015
Like the old saying goes “you can't take it with you”. But, having life cover could make a world of difference to your loved ones. In the short term, it could help prevent their grief being compounded by financial anxiety. Longer term, it could allow them to enjoy a better quality of life than they would have managed without it.
Let's look at some basic questions about life insurance.
Why Take Out Life Insurance?
There are basically two reasons for taking out life insurance. One is because you have to and the other is because you want t...
Posted on Friday 7th of August 2015
“Expect the unexpected” may be an old cliché but the unexpected can and does happen. Hoping that it happens to someone else is a very poor strategy in terms of family protection. To put the matter quite simply, if you have people who depend on you in any way, you should be checking to see whether you need life cover.
Protecting my Family – Every Parent’s Priority
When making a financial plan, it’s entirely understandable that people give priority to their present-day needs before worrying about the future. It’s also understandable that ...
Posted on Friday 31st of July 2015
Testing times make you stronger
t's been a tough run for me over the last month or so and putting a blog together has been hard, particularly mentally while I have been trying to recover from a virus. I am generally a cup half full person, so writing about things not going my way is hard for me.
In an ideal world you would like to just steadily improve, but it doesn't always work out like that with cycling and fitness. It looks like a virus latched on to me at the Swiss World Cup which not only affected my performances there, but has meant...
Posted on Friday 31st of July 2015
Life insurance can make the difference between people being able to focus on dealing with grief and people being forced to confront harsh financial realities at a hugely painful time. What that means in practice is life insurance could very well be essential for anyone whose death could lead to financial hardship for people they love.
Decide What Type of Cover You Need
Life insurance comes in two basic forms. Term Assurance provides cover for a set period. Whole of Life insurance, as its name suggests, will cover you until you die (assum...
Posted on Friday 24th of July 2015
When thinking of the family finances and your personal wealth, savings and investing may be at the top of your agenda. For some people however, life insurance can be a crucial part of taking care of dependents and loved ones in the event of their (untimely) death. With this in mind, it can be helpful to understand what options are available and how they can apply in the real world.
Option 1 – Term or Whole Life?
A whole-life policy, as its name implies, is valid for the whole of your life. In other words, it is guaranteed to pay out a...
Posted on Friday 17th of July 2015
The less likely you are to make a claim on your insurance policy the cheaper the premium you will be offered.
In terms of life insurance this means that the younger and healthier you are, the less you will pay. While there's nothing anyone can do to stop the march of time, there are still plenty of practical options for cutting the cost of your life insurance.
Give Up Smoking
The risks of smoking are now well known and insurance companies have been taking them into consideration for many years. For life insurance purposes, a smoker is...
Posted on Tuesday 30th of June 2015
Maniago and the Dolomites
I was lucky enough to represent GB at the World Cups In Italy & Switzerland in June. The Italians take their Para-Cycling very seriously since the racing driver Alex Zinardi lost both of his legs in a racing car accident and started hand-bike racing. He won gold in London which has really taken the sport to another level over there. Basically the whole town of Maniago that we were racing in was closed down for a few days and the local support was massive with crowds showing up to support in the 35 degree heat. I wa...