What Actually is Life Cover Insurance and How Does it Work?

Due to schools in the UK not always teaching students about things which are entailed in adulthood such as bill paying, insurance and other monthly financial aspects of life, it’s okay to feel as if you don’t know how about life cover insurance, although not to worry, Archery IFAA has you covered.

 

In this article we will be breaking down what life insurance cover is, and everything that is associated with it in a basic and easy to understand manner.

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What is life insurance?

Sometimes referred to as life assurance or life cover, life insurance is a way of protecting your family from the financial troubles which could happen if you were to pass away. Sometimes it can be commonly misconceived as some sort of banking savings or investment scheme, although it’s much more similar to the same way you’d insure a house or a car.

 

How do you pay life insurance?

Life insurance is traditionally paid in a monthly to annual direct debit, depending on your preference. Based on the insurance companies package or plans, you’ll choose one which makes sense to you, based on your current income and other aspects.

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How much does it cost?

There can be many factors which go towards deciding how much you’ll be paying on a monthly or annual basis; the factors include the likes of:
– Age
– Family size
– Size of plan
– Your health
– Debt
– Job role

 

Why would I need life insurance?

For most it comes to peace of mind. If it’s you who is bringing in the major of the household’s income you might ponder how your family would cope without you being there to support them. So if your family relies on your monthly income in order to pay for bills, food and clothes, if you were to pass away, they would receive a sum of money which would see that they are financially stable. Due to the potential risks of leaving your family with no money, it’s highly recommended that the dependent members of the family should pay monthly life insurance to limit the risk if the worst was to happen.

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What types of life cover are there?

The basic life insurance – This is prepared and set up so that you know exactly how much will be given out to your family if you were to die. The more that you pay monthly the more the insurance company will accommodate to the lifestyle of the family, contributing towards living expenses, child care costs and other things of this nature.
Critical illness cover – This is a feature which isn’t payed for alone, but more of an add-on to the basic life cover payments, it essentially means that if you come into bad health with a disease such as cancer, your family will be supported financially although you are unable to work.

 

Looking for more information on life cover?

We hope that this basic and simple straightforward information on life insurance was of use for introducing you to the subject, or helped increase your knowledge of how it works. If you are looking for more extensive information life insurance, check out mortgage protection insurance for factors and advice from experts.

3 Ways to Save Money on Home Entertainment

Today’s level of home entertainment is unrivaled with movies, video games, TV shows, music, and much more available to us at the touch of a button. However, with the rising quality and quantity of this type of entertainment year after year, costs begin to rise as well.

No matter what kind of entertainment or media you enjoy at home, there is always ways to save yourself both time and money. With a little research and thought, you could be saving cash on everything from the TV you play video games on to your monthly video-on-demand service. Below we’ll detail some of the ways you can save money on home entertainment. Continue reading

3 Forms of Long-Term Investment Anyone Can Take Advantage Of

Investing is something we all come to consider at one point or another from our 20’s onwards as these long-term decisions begin to matter more and more. There are so many different ways in which we can turn our money into something more, be it through a mortgage on a property, shares in a company, and government or business bonds.

While some forms of long-term investment are more suitable for some people rather than others, literally anyone can get involved with any one type of investment. Below we’ll go through 3 forms of long-term investment that anyone can take advantage of.

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Saving Money With Good Office Design

office-designOwning or managing an office business comes with the responsibility of keeping costs down and using resources to their full capacity. One money-saving aspect of this is, of course, efficient use of office space.

Effective office design services can help anyone and everyone make better use of their office facilities through a myriad of different ways. Below we’re going to take you through 4 different ways you can save money and space with professional office design.

  1. Make More Room For What Matters

Renting an office means that every penny you pay goes towards every square meter of free space, any room not being used efficiently loses you cash every month. However, this need not be the case with an effective office design in the workplace.

One tip to consider is making a list of all your office furniture, then adding each piece of furniture to categories such as ‘Essential’, ‘Occasionally Used’, and ‘Rarely Used’. This will help you determine what furniture you could put into storage, freeing up space to use for whatever you like. You may find that you don’t need to increase spending on rent for a larger office after going through this process, thus saving you from any unnecessary spending.

  1. Create an Environment for Efficient Staff

professional-office-designA large factor in what makes your staff work best is the environment they are working in. Ask yourself this; is your office environment comfortable? Is it engaging? Is it allowing people to connect with one-another? These are the types of important questions to ask when considering a new office design.

One idea is to quiz your staff as to what changes could be made to the office to make their working day more inspiring and productive. Simply making sure your office is well-decorated and that the windows are letting in some sun can improve employee efficiency, ultimately saving you money lost through unproductivity.

You could also consider hiring a professional to design your office, they can consider your needs and come up with an office plan to help you save money in the long-term: http://www.gazelleoffice.co.uk/office-design

  1. Keep Your Office Layout Organised into Departments

It’s no surprise that time can be wasted away in the office if communication isn’t quick and simple. Wasted time often means wasted money; avoid this by grouping your departments together when planning out the design of your office. Even if your workplace is already running daily, a well-planned reshuffle can ensure longer-term productivity.

One useful tip is to consider how much crossover there is between certain departments in regards to the tools they use and the assistance they may need from each other. If you find that your sales team often need to liaison with the marketing team, place them close together when designing your ideal office to minimise time wasting and save money in the long-term.

Recently Allstar Joinery, a shop/retail/restaurant fitting company in Aberdeen posted some of their projects onto their website, which give various different tips on how to design the perfect office starting with the blueprints. Allstar design and manufacture offices for some of the biggest companies in the world. Have a look at their work here aberdeen shopfitting company allstar joinery. It will prove to be great inspiration to you and your project.

  1. Save Money by Going Green on Energy

save-energy-officePowering an office space can be costly, especially when your workplace is particularly large. Some of the more obvious ways to cut energy costs are through changing supplier and turning all electronics off at the end of the working day. However, what can be done from an office design perspective?

Consider the following few idea. You could include movement sensing lights in your design so that lighting isn’t accidentally left on. You could also arrange your desks and chairs in such a way that natural sunlight could heat and light up the office during the summer. In the winter months make sure that your office heating system isn’t losing you money unnecessarily by ensuring your boiler and radiators are working to their full potential. If you are looking to upgrade your office’s boiler, Rhino supply high-quality boilers to commercial properties at competitive prices. Gas and electricity costs can be some of the highest costs to a thriving office-based business; save money by designing your office with energy-saving in mind.

You can find more tips on saving money on business energy bills with Love Energy Savings.

4 Money Saving Methods For The Household

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Running a household can be expensive. From buying toilet paper to getting the leak on your ceiling repaired, it seems that we are constantly spending money. This is why I, Tiffany William have been asked to construct a handy, concise and easy tip guide to method which could save you and your family money for the more exciting things in life.

1. Spend your money on reusable items

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Most disposable goods are relatively cheap and convenient in modern day life; you’ll eventually have to go out and buy a replacement for the temporary item. Again and again. The amount of paper, plastic and other re-useable materials that a family bins is very bad for the environment.

With some simple changes to your shopping life and life style you’ll be able to save a surprisingly decent amount of money. For example, don’t buy paper towels, replace this with a reusable cloth towel, this might only save you a few pound on your weekly shopping- but over the course of a year could surprisingly save you up to £100.

2. Don’t buy first hand

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Perhaps there is a stigma that buying second hand is a second rate purchase, and sure, in the past this was probably true, as you might get some unexpected wear and tear in a product which you didn’t notice ‘til 2 weeks after the purchase.

This isn’t a problem in 2017, as the competition for being a second-hand merchant is higher. With websites such as eBay and Gumtree becoming larger by the day, there is a strict grading principle in which warns the potential buyer of the exact condition the product is in before they buy it.

Forget the inaccurate stigma and buy second-hand more, you’ll save a crazy amount of money doing so!

3. Buy efficient high performance products

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There is a common saying “you need to spend money to make money”. This is another example that of it. For example, let’s talk about your radiator- an old radiator often requires a lot of energy to heat up a room, due to the out dates technology which is present in the heater.

New modern radiators have a high-performance level, as well as being constructed to use as little energy as possible to operate. This means that the better the radiator you have, the less energy you’ll use. As energy costs the house-owners money monthly, it only makes sense that you invest for long time savings. Plus, energy efficient radiators are now available on a budget, with websites such as Trade Radiators, you’ll notice that you don’t have to break the bank to afford a top of the line radiator for your home. Check out trade radiators cheap flat panel radiators for more information.

4. Take advantage of the library

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Instead of subscribing to Netflix, buying e-books, enrolling in short courses, paying for a tutor to teach you French… Whatever you might be paying for personal education and entertainment, remind yourself of the library, which is free for UK citizens.

The library isn’t just useful for books. Instead of spending £6 a month on Netflix, or buying a DVD set, remember that the library stocks CDs, DVDs and even blu-rays in their locations all over the country. As in the library you can rent out for free or very inexpensive affordable rates, this is a sure fire to save you money.

Targeting Your Beauty: How To Treat Yourself

We all deserve a little TLC and pampering every once in a while. So how can we make sure we get a little luxury without feeling guilty about breaking the bank? By following some of these tips from the team at ArcheryIFAA on how to make sure your wallet looks and feels as good as you will. In this blogpost we’ll be targeting baths, spa days, nail treatments and exfoliators.

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Medical Bills

In the UK we don’t have the same worries when it comes to medical bills that other countries might have thanks to the NHS. We often hear horror stories about bills being issues to patients that are astronomical.

That being said people do like the choices that private medical care can give your from doctors to drugs and procedures. Health insurance is big business at the moment allowing people this freedom without the worry of costs at the end of things.

We all the know that it is sensible to get insurance before travelling abroad and if you are unfortunate enough to have fallen ill on holiday you might know about the hoops that you then have to jump through to get your insirance cover. This begs the question, why bother with that at home?

There are a few reasons that people tend to go for private care and though it is often thought that the standard of care will be higher the NHS do a fantastic job as do the doctors and nurses that help thousands of people back to fitness everyday in the UK.

As we mentioned, with private health care you are calling the shots (to some extent). You will also have the option of experimental procedures and treatments that might not be on the NHS so it does give you a little bit more. A big reason that many people choose private health care is for the privacy it can offer. You can get a private room if you don’t like the idea of wards with several people in them.

You can also take advantage of specialists who can focus all their time, money and research into one field such as the LOC in London. The LOC offer private oncology care and are widely respected around the world for the work they do. You will be able to find out more about your illness with oncology explained in appointments before any treatments. With many specialists and experts specialising in specific fields the likes of a kaposis sarcoma treatment can be tailored to your specific needs.

Though this site does look into targeting money saving alternatives people are more than happy to pay a little bit extra to enjoy healthcare benefits. You will be able to look into different health insurance premiums that could save you money though. While some factors like your age and previous medical history can’t be changed to benefit you you can start to make lifestyle changes that will affect your premiums.

It is an interesting topic that should not be taken lightly so if you are considering looking into private health care or health insurance be sure to explore all the details behind your policy with certain activities and professions not being covered.