20 Foto Ini Bisa Saja Terjadi di Sekitarmu, Bikin Ketawa Miris, Apalagi Nomer 6 Sumpah Bikin Ngakak Sampe Sakit Perut

For a long time the cost of life insurance has actually been going down and for many years, women specifically benefitted from lower rates because statistically they live longer. That's all about to change, and from the 21st of December, the introduction of the EU gender directive will mean that men and women can no longer be charged different premiums for insurance on the basis of gender. Car insurance has stolen the headlines on this issue, but life insurance, income protection insurance and critical illness insurance will all also be affected. For women, living longer (statistically) will no longer mean lower life insurance premiums, and men could see premiums reduce. Statistics produced by Bright Grey and Scottish Provident (leading insurers) show that the cost of cover for an average woman is likely to go up by as much as 15%. Even the most basic understanding of insurance underwriting highlights the absurdity of the new regulations, and given that insurance premiums are governed by the level of risk that you present to the insurer, will the next directive make it ageist to charge young drivers higher premiums because they crash more? What can you do? The changes only apply to contracts taken out after the 21st December this year and not to existing contracts, so if you are thinking of taking out life cover particularly if you are female, there is no time like the present. For men, it could be worth reviewing your policies in December to see if cheaper premiums become available. For women, a typical £200,000 life cover policy would cost only: £8.60* a month for a 30 year old woman £11.71* a month for a 35 year old woman £17.22* a month for a 40 year old woman * All female, age at next birthday, non smoker. £200,000 lump sum life cover over 25 years (premiums correct at 2/4/12). The directive is a double edged sword, and whilst life insurance premiums are likely to rise for women, income protection (where women statistically make the most claims) could get cheaper. Reviewing all of your policies could be worthwhile, however it's always important to ensure that quality is not being sacrificed. Reviewing your needs, objectives and current provisions on your own or with the assistance of a financial advisor on a regular basis is essential to ensure that your current standard of living can be maintained if the unfortunate occurs. For example, in a family or couple, generally, more emphasis is placed on insuring the male, traditionally the breadwinner and main provider, however modern living (and rising costs) now means that both men and women provide, and yet only a small proportion of women have any form of life insurance, creating a potential shortfall. Prehaps the only positive to come out of the gender directive is that it will actively encourage more families to sit down and think about the level of cover they have and need. For independent, whole of market mortgage and insurance advice, visit Mortgage Advice Devon. Currently offering a free review service for your existing policies, so to find out if you can save money on your premiums see Devon Insurance Advice.