Did you know that you can take out a life insurance policy on someone else.  You pay the monthly premiums for the policy, their life is insured against death and if they die you receive the lump sum payout.

However, there has to be a reason you are insuring someone else’s life.  You can’t just decide to take out a life policy on someone because you think they are looking a little under the weather.  The relationship between you, the policy holder and the life assured is called the “Insurable Interest”.

Here are two examples of when it is appropriate to insure someone else against premature death:

1.  You are recently divorced and are receiving maintenance payments from you ex spouse to pay for the up bringing of your children.  If your ex spouse was to die before the children are grown up how would you cope without the maintenance?

2.  You have been gifted a sum of money which is potentially exempt from Inheritance Tax if the person giving the gift lives for 7 years (sometimes called a PET).  However, if they die during the 7 years from the date of the gift you might then have to pay Inheritance Tax.

Life of Another life insurance policies are very specialised.  Please contact us with the details and will will find the lowest, discounted premium from our panel of insurers for you.   

With the latest advances in keyhole surgery, thousands more patients could receive operations to correct the narrowing of a heart valve. The new surgery is a much less intrusive approach meaning the older and weaker patients could be considered should this new procedure be adopted throughout the UK.

 There is also great news to help the fight against cancer. A new and more effective way of delivering treatment to skin cancer patients has been developed, as well as the development of a new blood test that could spot the early signs of numerous cancers, of which breast cancer is one. An early warning test is a step closer to cancer prevention.

Looking after yourself has never been easier with access to health information and Norwich Unions Health Assessment Tools at your fingertips. These are great tools to help you assess the health issues that are important to your family.

Ill health can effect your worklife and homelife so dramatically, that it is important to ensure that you and your family have sufficient protection against such eventualities. We can offer you great peace of mind by visiting the howmuchcover calculator   to see if you require Life Cover, Critical Illness Cover and Income Protection Cover.

 We will also discount the Norwich Union premiums for you. Obtain your quote here now.

When making an application for Critical Illness Cover, you are required to give your full medical history. If you omit any relevant information (non-disclosure), this may affect a future claim. Non-disclosure is an ongoing problem for the insurance industry.

When taking out a Critical Illness policy, you want to know that in the event of a claim, you will receive a pay out.

Howmuchcover is pleased to announce the steps that one of its panel of insurers, Norwich Union are taking to ensure all customers, if a legitimate claim is made, will be paid out, thereby offering complete peace of mind.

They paid out 86% of all Critical Illness claims in the first half of 2007, up from 75% in 2005.

By using the howmuchcover calculator , you can calculate the amount of Critical Illness Cover you require. Don’t forget, we will discount the Norwich Union premiums for you, so  get your quote now.