Businesses can save money by renegotiating their life insurance

Posted on November 1st, by editor in Caring Times. No Comments

|By Andrew Gruncell, associate director of RCC Insurance Brokers| Few business operators realise they could save hundreds of pounds a year by renegotiating their life insurance policies. Life insurance costs in general have been cut quite substantially over the past couple of years, as a result of increased competition in the insurance sector. More companies see that the market is profitable and are determined to gain a slice of the action. But, by and large, the business community is unaware that considerable savings could be met by shopping around for a more acceptable quote. Life insurance policies are a very important part of most businesses¹ financial structure. In most cases, banks insist that lenders take out a life insurance policy to protect the loan in the event of a catastrophe. But once a life insurance policy has been taken out, it is not generally known that it can be cancelled and a new one negotiated at more favourable premiums. However, banks will insist that the current policy is not cancel

Comments are closed.

Latest blog posts

Shuffling to some purpose – or just fancy footwork?

By guest blogger JEF SMITH

Spare a thought if you will for the hard pressed people who have to update government information. Well into 2018, for...

Life support for the NHS

By Caring Times editor GEOFF HODGSON

To outline a comprehensive remedy for the ongoing and worsening woes of the beleaguered NHS would take a little more...

A flight of festive fancy

By Caring Times editor GEOFF HODGSON

Christmas Past: It’s cold outside but inside the care home the star atop the tree beams its rays of hope...