If you are a motorcycle owner, you absolutely need to buy a motorcycle insurance policy. Not only does it protect you and your bike if you are...
Motorcycle insurance is not particularly expensive, but it is a vital necessity. If you spend some time, comparing different quotes you should be...
Automobile accidents can occur at any time. Day and night, on the road, or even when your vehicle is parked or stored. Is not it wonderful if you...
You need to get motorcycle insurance, because it protects you, other drivers and pedestrians. In some states, a particular insurance for the bike is...
Not sure if texting while driving is legal in your state?
This infographic from NPR offers a detailed look at each state’s current or proposed law for texting while driving.
Check it out at States Accelerate Effort To Ban Texting While Driving.
Pay particular attention to Utah, where offenders could face up to 90 days in jail and a $750 fine. That’s a hefty price tag that could get even higher if a point is added to your driving record and your auto insurance premium rises.
The Financial Services Authority has launched enforcement investigations into two with-profits businesses for governance and management failings that exposed policyholders to “particularly acute” risks.
The probes into the two unnamed companies come at the end of a review of the with-profits sector – which holds £330bn ($497bn) of savings across 25m policies – and could be followed by disciplinary action against other companies if they do not take steps to improve the running of such businesses.
The FSA said its review found failings in one or more areas of the majority of with-profits businesses, “potentially exposing a significant number of with-profits policyholders to risk”.
“The findings are particularly disappointing in light of our previous communications to the sector [over the past three years],” it said.
With-profits funds, which give savers long-term exposure to equity markets with protection against stock market falls, have achieved a poor reputation because of the bad design of some products and the high penalties often imposed for withdrawing money early.
Few new policies are sold compared with the boom in with-profits products in the 1980s and 90s. Almost £100bn ha
Life cover has become cheaper for individuals who want to insure larger sums, with premium discounts of up to 20 per cent now being offered by some providers.
Scottish Provident, a subsidiary of the Royal London group, this week announced new lower premiums for term assurance, which pays out a lump sum on death within a fixed term agreed in advance.
These discounts are targeted at new customers, insuring higher-than-average sums of £500,000 or more.
For example, a 50-year-old male non-smoker with a level term policy for £500,000 over 20 years can now pay 6 per cent less on his premiums with Scot Prov.
But the insurer’s biggest discounts are for younger customers. A 25-
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