Moneynet promotes greater financial understanding for consumers with new life insurance product guide

Moneynet.co.uk, the UK’s most established personal finance research and data website, has published the latest edition in its series of online product guides to help consumers get to grips with the increasing complexity of personal finance products.

Continuing the success achieved by the previous credit card, mortgage and loan guides, Moneynet has issued a new guide to cover the subject of life insurance. According to the Association of British Insurers, 50% of households purchase life insurance, usually to protect the family against loss of income.

Moneynet’s guide aims to encourage and help consumers deal with the many factors in choosing a life assurance policy, such as:

* What sort of cover do you need?
* How much cover should you arrange?
* Do you need basic life assurance or more extensive critical illness cover, and what about tax?
* If the policy requires regular payments, can you stop and start them without stopping the policy?
* Can you vary the amount you pay?

Richard Brown, Chief Executive of Moneynet.co.uk said “many people underestimate the amount of life cover they need, with the result that their dependents are left to pick up the pieces if the worst happens. Our life insurance guide is designed to help our users understand what they should be looking for and to help them select the right policy. Once they have done that, our comparison service can search the market to find the right policy at the cheapest price.”

There are currently four guides available on the moneynet.co.uk website, covering life insurance, credit cards, mortgages and loans. These are set to complement the core financial comparison services available on Moneynet. Further guides are due to be published later this year.

About the Author

Moneynet.co.uk is the UK’s most established personal finance research and data website. The company offers consumers a wide range of low cost financial products: from mortgages and personal loans; to car, home and medical insurance; credit cards; savings accounts and best-buy fixed rate products. Moneynet.co.uk is an ethical, impartial and comprehensive source of consumer finance information, covering the whole of the personal finance sector.

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