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  • President insured against croc attack November 18, 2011
    Even the most powerful man in the world can benefit from insurance, though Barack Obama's latest policy was particularly unusual. While visiting Australia, the US President received a £6.40 gift from the Chief Minister of the Northern Territory: a crocodile insurance policy. In the unlikely event that Obama was attacked and eaten by a crocodile, the pol […]
  • Life insurance scammer foiled November 5, 2011
    A British man has been arrested for allegedly faking his own death in a life insurance scam. Hugo Sanchez's claim fell apart when police reportedly found his fingerprints on his own death certificate. Sanchez's wife reported his death in 2005, supposedly as the result of a heart attack while on holiday in Ecuador; the story was that as he had been […]
  • The Co-op pulls out of life insurance July 15, 2011
    The Co-operative is to stop selling life insurance, blaming the move on increased regulation. The group, which has been selling the product since the 19th century, has an estimated two million policyholders. It's looking to sell those policies to a new provider, with Royal London reported to be the main bidder. The Co-op will continue to offer other ins […]
  • African firm offer mobile phone life insurance March 25, 2011
    An African multinational mobile phone provider has launched a service that lets people in Ghana without bank accounts buy life insurance using their mobile phone. The service doesn't simply involve setting up the deal, which can be done by a text-message menu system or by phoning a call center. Instead the premiums for the policy are charged to the mobi […]
  • Seven percent of Brit's spend more on coffee than on life insurance November 12, 2010
    A price comparison site says seven percent of people spend more on coffee than on life insurance. It's a creative way of highlighting an issue, though not necessarily representative. According to Confused.com life insurance, only 40% of adults have life cover, while 30% specifically say they consider it too expensive. Confused.com noted that life cover […]
  • Seven million without life cover for mortgage November 5, 2010
    Almost half of mortgage-holders do not have a life insurance policy to cover their contributions in the event of their death. It appears to be the result of tightened wallets, but may be a false economy. Sainsbury's Life Insurance estimates that 7.1 million people are in such a position. Between them they owe a total of £320 billion, a figure that' […]
  • Quitting smoking could save you thousands in insurance costs July 9, 2010
    Giving up smoking certainly saves money on buying cigarettes, but the potential savings are even greater when it comes to insurance, one company claims. Moneysupermarket.com calculated the potential savings to mark the third anniversary of the ban on smoking in indoor public places. It found that a typical 30 year old man would have saved more £10,000 having […]
  • Instant cover with Post Office over 50s life insurance December 22, 2008
    The Post Office over 50s life insurance policy is now available with instant cover over the counter at all UK Post Office branches without needing to wait for an application to be processed. The Over 50s Life Cover plan is guaranteed for all UK residents aged between 50 and 80 with no medical questions or checks required. Customers are able to choose how muc […]
  • Post Office wins Best Life Insurance Provider award August 29, 2008
    The Post Office has scooped the 'Best Life Insurance Provider' award at the Your Money Direct Awards for 2008. The 'Best Online Life Insurance Provider' award went to Liverpool Victoria. The awards, which are run by Your Money Magazine annually, aim to recognise and reward excellence in both online and direct financial services provision. […]
  • Brits over-estimate the cost of life cover August 27, 2008
    A recent survey commissioned by Legal and General life insurance has revealed that Brit's could be neglecting to protect themselves financially because they over-estimate the cost of life cover. Legal & General is concerned that people might avoid taking out protection because consider it is too expensive. The survey showed that 65% of thosed polled […]