If you are taking out a large loan or a mortgage, the provider will probably insist that you take out a life insurance policy. Equally, you may decide that you wish to take out insurance on your life to make sure that your dependants are covered in the event of you dying early.

Your bank or local insurance agent can usually recommend a good provider and there are also many good insurance sites, click here for advice on the internet, many of them compare prices between providers. The problem though is deciding exactly what you need as there are many questions to ask yourself.

How long do you want the cover to last for? This depends partly on how old you are and how long you want cover for but be warned that the premiums rise dramatically after you have reached 65. You can still get insurance to run after that period but you may be better off asking if the extra money will be better put into a savings plan. (more...)

When applying for any type of insurance, whether it is holiday cover, health insurance or life insurance over 50 ,it is absolutely vital that you tell the truth on your application form. It is tempting to tell a few what you believe to be harmless porkies, such as your weight or how much you smoke or drink – but if there is anything on your form which is not one hundred per cent truthful, you face severe consequences.

Every insurance company states that all answers must be truthful and fully declared, otherwise the policy can become null and void.

When applying for insurance you sign on the dotted line to say that everything you have written is to the best of your knowledge correct so it will be you that is held responsible if it is not. (more...)