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Disturbing Facts About High Quantity of Salt Intake

Most of us think about the intake of salts mostly when it comes to treating health issues. However, the matter of concern which is rarely considered is the intake of too much salts and not caring about the potassium which can lead you to have serious heart issues.

Sadly, only after we get a heart problem, we think of the important people in our life and what would happen with them if we suddenly die. Than we do the unplanned sprint and scramble to get over 50 life insurance policy which in many cases is too late as life insurance companies are not too keen to take on an ill person.

You must watch out for your food and try to opt for a balanced diet. Remember, the fast food is really enjoyable but you should be focusing on eating fruits and vegetables as well. It would help you to maintain the balance of salt and potassium in your body.

Remember, too much salt intake can lead you to have narrowed arteries. Potassium intake is the only way that can reverse the disastrous process.

The fact about the salt intake is brought into consideration when the US health researcher found that more people have died due to the narrowed arteries as it causes a problem of blood circulation that caused severe heart attacks.

Hence, the sodium and potassium ratio needs to be balanced because the higher the level of sodium you intake compared to the potassium, the more you have the chance of developing serious heart disease.

So, if you are fond of eating a lot of fast food, you must consider the sodium-potassium ratio factor and you must apply for Life Insurance Quotes and get yourself covered. As a matter of fact, the people over 50 years have even more chances to get heart disorders. That is why the policy for Over 50 Life Insurance is a very wise investment.

Original Article by the Press Association in association with LV=

Late Discovery Links Potatoes To Lower Blood Pressure

American research has found that potatoes can lower blood pressure.

According to the research, eating potatoes help the blood vessels to be cleared up from cholesterol. No fats mean your blood vessels and the heart veins would be less likely to receive the extra clotting to be deposited on the walls.

The vessels, being relaxed, would support the heart pumping comfortably. Even after the experimental use of blood pressure effective medication, the potatoes seemed to be more effective. However, the potatoes are recommended to be cooked with their outer shells and without the use of oil.

Experiments showed that potatoes work in the same way as that of the highly effective blood pressure leveling medicine.

Experts suggest that after eating potatoes and your blood pressure is lower, now is the best time to apply for life insurance quotes and sort out your policy while you have your health in order. That will save you a ton of money as over 50 life insurance is much cheaper when you are healthy at a time of purchase.

According to lead researcher Dr. Joe Vinson, cooking the potatoes in the deep oil can destroy the existence of natural substances which acted like the widely-used ACE inhibitors, drugs for controlling high blood pressure.

Therefore, potatoes are needed to be preserved in the way you can have the maximum health benefit. Microwaving appears to be the best way to preserve potato nutrients, according to Dr Vinson.

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Original Article by the Press Association in association with LV=

Life Insurance More Important Than Ever Following Global Serge In Cancer Cases

According to a late report, conducted by World Cancer Research Fund, the number of cancer cases has been raised up to the figure of 12 million per annum. If we compare it with the number of HIV cases, we can see that cancer is 4 times larger.

According to the report, about 2.8 million cases are directly associated to the poor and unhygienic diet, having no exercise and being overweighed.

A good over 50 life insurance policy is recommended to provide support to the remaining family through hard financial times that often become present after a family member has passed away.

It is expected that, due to the deskbound way of life (both at work and at home), the next decade will see dramatic increase in cancer cases which could be prevented.

Today the 10 most common types of cancer are:

1. Lungs (1,608,055)
2. Breast (1,384,155)
3. Bowel (1,235,108)
4. Stomach (988,602)
5. Prostate (899,102)
6. Cervical (530,232)
7. Esophagus (481,645)
8. Liver (479,744),
9. Bladder (382,660)
10. Non-Hodgkin lymphoma (356,431)

This report was presented by World Cancer Research Fund to the United Nation’s summit on non-communicable diseases. It has been discovered that by keeping the check on the diet, preventing the excessive intake of alcohol and having daily exercise can help in preventing 80,000 cancer cases in United Kingdom alone.

Well, it is quite a disturbing fact that UK ranks on the 22nd position in the list of countries which are having higher ratio of cancer cases per year. According to the report, out of 100,000 people, 267 people get caught by the cancer disease in the UK. This is higher ratio as compared to the other countries like Finland, Sweden, France and Croatia.

This is one of the reasons why many people in the UK are buying Life Insurance over 50. Hence, more people are now applying for life insurance quotes online.

The country with the most cancer cases is Denmark. 2nd to come is Ireland, then Australia and then New Zealand. United States stands at number 6 in the chart.

The United Nation’s summit has been approved as the last chance later in the month by WCRF. The main task of the summit will be to work on the research related to the diseases like diabetes, heart problems, cancer and respiratory infections.

It is believed that a lot more preventable deaths can be seen in future, if the failure occurs in developing the global policy to fight against these threats.

Co-Operative Financial Services – 125 Years of Life Insurance Comes To an End

Co-Operative Financial Services – 125 Years of Insurance Products Selling Comes To an End

Co-operative is now going to use Axa for its future insurance products dealer and the dark side of this step is going to be the unemployment of about 750 people. As a matter of fact, the Co-op will no longer be selling the life insurance product on its own. Co-op has been working for 125 years, providing the insurance products and this major step is now going to dismiss the jobs of 750 sales experts.

French insurer Axa would be the dealer of life insurance products by co-op. This model is basically copied by the Britannia. All this has really enraged the union unite of co-op.

While all this is going on, co-op is now planning to sell its life insurance policy fund, worth £15bn and the management arm to Royal London. Financial services arm of co-op group made these announcements on Friday.

According to the Unite officer, David Fleming, Unite has shown disagreement to the decision made by CFS about its decision to stop providing life insurance products. This decision has put the careers of about 750 employees at stake which is really embarrassing.

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Ceasing the providence of life insurance products would really be a bad moment for the people working in the Co-operative Financial services. There could be a relief for the people who have applied for Life Insurance. Especially for the senior employees who have already obtained over 50 life insurance quotes.

Fleming also expressed that, Unite would fully consider the redeployment options to carry out more or less complete compensation to those who are affected by the decision.

After the 20-month review, this decision was finalized and now it can be seen that Co-op is now using 700 million pounds for the banking operations. Currently, there are 248 bank branches from Britannia and 90 from Co-op. This collaboration is meant to be successful if the selling of financial products is completed by 3500 shops sponsored by Co-operative.

According to the CEO of Co-op, Neville Richardson, such decision would really have unpleasant effect on the employees that are no longer required due to shutting down of the entire department, but this is also non-deniable that increase in regulatory cost left the organization with no chances. The collaboration is purely meant to establish the successful run of general life insurance policy and to keep the banking status alive. According to Richardson “these are the main areas of business where we need to keep the good status up”.

As the primary insurer of Co-op, the Axa will now provide the advisory service to CFS and 82 employees working in the CFS would be recruited to Axa. However, the higher number of 670 employees is going to be unemployed. Those employees were in the field-based advisory team and now they are out of work.

Considering the factual statement, Co-op is not the only establishment who has changed the structure of selling the insurance. Barclays is another organization who has stopped the financial planning arm’s operations. According to Barclays customers were increasingly obtaining life insurance quotes and buying the products online rather than in branches. However, the general insurance wing of CFS will remain operational.

Guide to Life Insurance Over 50 – Tax and Life Insurance in the UK

Tax and Life Insurance in the UK

Up until Mar 1984 Life Insurance policies were taxed at a reduced level (15%). These days premiums are not usually subject to be offset against income tax or corporation tax. Non-investment policies do not trigger any income or capital gains tax.

On the other hand, policies that are considered having an investment intend such as whole of life, endowment or investment bond policies are taxable at a level determined by the qualifying status of the policy based on certain criteria met by the contract.

Policies for over 10 years are normally considered qualifying and their proceeds are exempted from income and capital gains tax.

Short term, less than 10 years, and single premium policies are generally subject to income tax depending on your marginal rate for the year you make a gain.

Policy holders who are a higher rate tax payers or become one as a result of the transaction is subject to pay tax on the gain at the difference between the higher and the lower tax rate.

5% accumulative allowance – this is a feature which especially benefits the investment bonds. It gives you the ability to draw 5% of the original investment amount each policy year absolutely tax free. If you do not withdraw the 5% it can roll over to the following year(s) and be withdrawn tax free at future year but is subject to maximum accumulation of a 100% of the premiums payable.

This is a very useful to higher rate taxpayers who expect to become basic rate taxpayer at some time in the future (retirement). It will give them tax free lump sum payout.

The proceeds of a life policy will be included in the estate subject to inheritance tax. If the poly was written in trust may fall outside the taxable estate and therefore avoid being taxed.

Pension Term Assurance

Prior to Dec 6^th, 2006 when the Chancellor, Gordon Brown, announced the withdrawal of the scheme, the Pension Term Assurance was the most common form of life insurance sold in the UK. Most UK insurance providers called it “life insurance with tax relief”. PTA is a normal term life assurance which pays all premiums taxed at basic rate of 22%. In addition higher rate taxpayers can access further 18% tax relief via their tax return.

There are no more new policies sold but the existing pension term insurance policies are still allowed to use the tax benefit.

If you had a valid pension term assurance and expired after the withdrawal you can no longer renew it and utilize those tax benefits. You will have to purchase new life insurance which will be subject to the current tax legislation.

Disclaimer: This article is for information purposes only and not to be considered as advice. Please consult with independent financial advisor and/or a solicitor.
Original Article by Wikipedia

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Guide to Life Insurance Over 50 – Money Saving Ideas

Money Saving Ideas

Buying life insurance online usually saves you money and gives you the opportunity to review hundreds of options without having to visit different insurance companies.

At LifeInsurance-over50.com we will compare hundreds insurance products to find the policy that best suits your requirements.

Once a best suited quote has been identified you will be contacted by a FSA regulated insurance advisor to discuss the important details of the proposed policy and to address any questions and concerns you may have.

Some important elements to look out for:

• Critical illness – it will be much cheaper to have a life insurance policy with a critical illness cover than having two separate insurance policies. Make sure you make a difference between critical illness and terminal illness cover. Most policies will include terminal illness but critical illness is a cover you need to obtain in addition which will pay out the benefit for number of illnesses without being subjected to life expectancy criteria.
• Joint life insurance policy – it normally means that insurance pays out based on the first instance of death regardless of which one of the policy holders died. Initially it will be cheaper and save you money but will create the situation where the remaining person will need to get new life insurance at an older age and it could be more expensive in comparison.
• “Written in Trust” – If you own a trust as part of your asset protection strategy you could get your policy to be written as owned by your trust. In that case when a claim has been made the payout will go directly to the person you had nominated. It also keeps your estate from being subject to inheritance tax which could save 40% of its value. (Note: presented for informational purposes only and not to be considered as an advice. Consult with your lawyer or financial advisor before you take on this action.)

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Guide to Life Insurance Over 50 – Tax and Life Insurance in the UK

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Guide to Life Insurance Over 50 – Risk Consideration

Risk Consideration

Just like any other type of insurance, life insurance is calculated on probability. Despite the fact that sudden death or death caused by unexpected circumstances may occur and shorten anyone’s life, there is a generic average life expectancy different for men and women. Based on careful consideration of number of factors closely related to each individual person the insurance company designs the policy to reflect the probability of death.

Certain groups of people are considered higher risk than others and therefore their premiums are more expensive and in some cases even denied insurance. Some of the greater risk groups include:

• High-risk occupations – loggers, oil and gas workers, armed officers, high rise riggers, pilots, miners, rescue services, etc.
• Dangerous sports/hobbies – people who are professional athletes or simply hobby enthusiasts such as rock/mountain climbing, skiing, base jumping, motorsports, rugby, boxing, skydiving, paragliding, etc.
• People Over 60 years old –any life insurance policy that covers you past the age of 70 would trigger a requirement for an advice from a fully FPC qualified and regulated advisor.
• Poor Health history – People who have existing or recent medical condition; people with family history of inherent diseases, etc.
• Smokers

Be advised that the list of what is considered high risk occupations, poor medical and family history, dangerous hobbies, dangerous sports, etc. can vary from insurance company to insurance company.

Therefore, it is very important to review as many life insurance quotes and policy options as possible to find the one that suits your circumstances best. Be sure to disclose any information which may affect your risk assessment because any undisclosed information can render your claim and even your whole life insurance invalid.

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Guide to Life Insurance Over 50 – Money Saving Ideas

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Guide to Life Insurance Over 50 – Whole of life Insurance

Whole of Life Insurance

“Whole of Life” insurance guarantees to pay a lump sum at the time of death of the policy holder. The payout will be triggered at any time of death as long as the policy holder maintains the regular premium payments. There is an additional guarantee that the premiums and sum insured will not increase in the first 10 years.

The downside of “Whole of Life” insurance is that it is more expensive in the short term as the claim is guaranteed. However, with the time and provided the policy has been kept active for at least the average life expectancy the cost of it is about equal to the term insurance.

The biggest disadvantages are premium inflexibility and the internal rate of return which could be les beneficial than other savings opportunities.

The benefits of “whole of life insurance” could be increased by making use of policy dividends but are not guaranteed and can be higher or lower than historical performance.

Cash value can be drawn in a way of premium “loans” and are not subject to income tax. Paying back these loans is optional but if not paid they will decrease the payout from death benefit. However, the death benefit can be increased by additional premium payments.

“Whole of Life” comes in various forms:

• Low cost whole life policies – these guarantee level cover where the amount payable upon the death of the policy holder is greater than the basic sum plus bonuses or the guaranteed sum insured.
• With profit whole life policies – it is the same as non-profit policies but the sum paid after the death is a combination of the sum assured plus whatever dividends have been accumulated over the time.
• Non-profit whole life policies – this is premium payable through the whole life at a leveled amount. The policy will pay a fixed cash sum at the time of death.

Life insurance premiums

Premiums are the annual amount of money paid by the policy holders and are paid in a pool of funds belonging to the insurer from which all insurance claims are paid out.  There are 2 main types of premiums:

• Guaranteed Premium – It is guaranteed by the insurance company to never increase the premium of your policy.
• Reviewable Premium – There is an agreement between you and the insurance company that your premium can be reviewed and increased if necessary at set intervals.

In the short term the reviewable premium would be cheaper but in the long term it is likely to work out more expensive as the increasing of the premium is quite a possibility. In general the guaranteed premiums would work out to be cheaper in the long term but if you are on a limited budget the better option would be the reviewable premium.

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Guide to Life Insurance Over 50 – Risk Consideration

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Guide to Life Insurance Over 50 – Endowment and Some Benefits to Consider

Endowment

Endowment is similar to a savings schemes but is based on a life insurance cover. These policies are considerably more expensive than some other policies as their annual premiums are higher due to the shorter paying period.

Endowment insurance is paid out regardless if the insured is alive or has passed away after the specified period or at a specific age – for example 15 years or 60 year old.

Family income benefit

This is designed to be used as a main income earner replacement. What that means is if you are the main household income earner and you die the policy payout will be given in a way of regular payments instead of a one lump sum. This option needs to be locked in at the time of setting up the policy with your advisor/insurer.

Important Additional Benefits

During your search for the right life insurance for your personal circumstances you should consider the available additional benefits. These extra benefits will come to you at an extra cost but they are totally worth it.

Critical Illness cover

A payout will be triggered upon confirmed medical diagnosis of a critical or terminal illness. Some of the most common conditions covered in the benefits include but are not limited to (discuss the list and additional conditions with your insurance advisor):

Waiver of premium – is an additional benefit which in a way is insurance for the life insurance. It may be available but will come at an extra cost. The reason to have it is in case of you having health problems that prevents you from working for some time but are not covered in any other insurance you may or may not have. The waiver of premium will pay your premiums for certain time.

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Guide to Life Insurance Over 50 – Types of Life Insurance

Types of Life Insurance

Life insurance is also known as Life Assurance. However, the terms “insurance” and assurance” have two different specific meanings.

• “Insurance” is used in reference to providing cover for an event that might happen such as fire, flood, burglary, etc.
• “Assurance” is a term used to describe the cover for an event which will definitely happen such as death.

In today’s environment the two terms have been accepted to be used as having the same meaning.

Life Insurance can be taken as a single or joint life policy with benefits including pay out in a case of death, diagnosis of critical or terminal illness.

An important fact to keep an eye on is that if the insured person is still alive at the time when the policy expires no payments will be made by the insurer. If the policy holder stops paying the premiums at any stage the policy will have no value.

There are several types of life insurance:

Term Insurance – also referred to as temporary insurance. It is a type of life insurance where the policy is triggered to pay out only if death occurs within a specific period of time.

• Level term insurance – is a fixed premium for a specific period longer than 1 year. It is designed to pay out a sum of money in case the insured dies within the specified term. The assured sum remains constant for the term and is guaranteed.
• Decreasing term life insurance also known as mortgage protection insurance – In this policy the sum decreases with the time. The insured amount is usually equal to the amount of the mortgage on the policy holder’s home so the mortgage will be paid off if the insured dies.
• Renewable term insurance – On the date of maturity there is an option to renew the policy without a health review in order to proof insurability. Some companies guarantee renewing the policy without health check while others do not.
• Convertible term insurance – Level term insurance with the option to revert to whole life or endowment insurance.
• Increasing term insurance – It is designed to counteract the declining value of money due to inflation year on year. It achieves that by increasing the sum insured to cover the inflation.
• Index linked term insurance – Similar to the Increasing term insurance but instead of increasing the insured sum according to the annual inflation it is increased based on the Retail Price Index.

Permanent Insurance – is a life insurance which remains in force until the policy pays out (matures). In case the owner stops paying the premium when due the insurance will laps and will be void in which case the owner loses all the investment he has paid into it.

The permanent insurance policy cannot be cancelled. The owner can access the built up monetary value of the policy by withdrawing cash, borrowing against the policy or surrendering the policy and receiving the surrendered value.

There are 4 basic types of permanent insurance: Whole of Life, Universal Life, Limited Pay and Endowment.

It is not easy to decide which life insurance is the best option for you. We recommend you speak with a professional and FSA regulated insurance advisor. You can do that by filling in the Quote Form and one of our advisors will call you back.