When is the right time to protect you and family with Life Insurance ,critical illness cover or income protection?

Employees of the National Health Service or NHS often get "some" benefits for working there including pension & sick pay? How does sick pay work for employees at the NHS; well if you can not work the job role would pay your salary according to your employment package (sometime known as NHS Band and job role). The duration these monies are ...

 Some would say Motorbikes are more dangerous than other modes of transport. Life insurance companies definitely have different opinions. Just like our car insurance the life insurance company's looked at each applicant so age, gender, health and more. Obviously ,they look at the specific motorbike they are riding now how big or what cc the bi...

A hookah , shisha, or waterpipe is a single- or multi-stemmed instrument for heating or vaporizing and then smoking either tobacco, flavoured tobacco. So naturally you would feel the Life insurance is all going to be on more expensive smokers rates for Life insurance and protection. As with all life insurances and protections the insuranc...

In all Life insurance, critical illness and or income protection our birthday is important. This is not just in the application process When a Life insurance, Mortgage protection, critical illness and or income protection and these style of protections are created the insurance company look at many factors like occupation, gender, health,...

Income protection is a way of ensuring we have money, not reliant on savings or friends and family if we can not work for ANY reason. This is different to critical illness which only protects specific conditions. This is done by insuring the families ability to work (obviously factoring in age, gender, health and the occupation among other elements...

As with all life insurance, critical illness and income protections the structure of the protection is critical to the value, functionality, performance and costs of the protection. Yes, all providers will rank the applicants age, occupation, health, family health, lifestyle choices and more in the application of life insurance (and&...

Obtaining cheap Life insurance is an interesting questions as all insurance are different in how their protection works, how we apply and how they defend and protect us. The occupation, lifestyle choices and health all factor into the final premium. But also additional administration steps really impact on the final premium(s) because the...

Mortgages are not linked to our life insurance protection. So usually when we set up the life insurance we mirror the loan amount and duration the loan will be paid back over. In the event of a claim the monies would be paid to family not the bank, building society or lender of the Mortgage. Usually families Mortgages get a fixed, introdu...

Group life insurance and protections just like domestic life insurance pays money is we pass away, critically ill or can not work. The big difference in Group Life insurance is not every employee is underwritten in the application (assessed on their health and lifestyle). The protection is built on the number of employees, ...

Critical illness protection pays a tax free lump sum when we are diagnosed with a critical illness like heart attack cancer or stroke. Ideal to cushion the  impact of illness. MacMillan Cancer state Cancer is an average impact of Cancer if circa £800 per month on top of the typical monthly cost!  Whilst all the Insurance pr...

Income protection news this week revealed that the biggest claim to date was paid by The Exeter.  The Exeter stated that: Our highest paid claim to date on income protection is £500,000. That's a significant amount of money that wouldn't have been accessible to our member had they not taken cover in 2010.  Income protection works on ...

Life insurance & Life Assurance pay monies in line with the contract, it may be if we pass away if we are terminally ill, suffer a critical illness or cant not work. The key difference between Life insurance & Life Assurance is the duration the protection supports the insured. What i mean by this is life Insurance always pays within th...

The UK has widely seen prices escalate and increase many saying we are in a cost of living crisis. How is this relevant of Life insurance? Life insurance is a contact which pays an "agreed" sum of money is we pass away. This contract usually has a term or time frame the protection is in force an an associated premium for this protection - subj...

Guardian Financial Services Limited is an appointed representative of Scottish Friendly Assurance Society Limited. All products are provided by Scottish Friendly, an insurer with 160 years' experience in providing financial products and services.  Guardian and their forward thinking to life insurance have made a fabulous leap forward in n...

Life insurance is a contract so should we be terminally ill or pass away money is paid to our family for financial stability. This could be to pay the Mortgage, a nest egg for our children, money to support a sole parent in bring up the children on their own and many more examples. The price of the protection is dependant on how much money you...

British Friendly one of the the income protection specialists are proud to publish our 2022 Claim Stats, giving an insight into the value of Income Protection to their protected families over the last year.   Paying some £5,000,000 in claims to over 1,191 families. With Musculoskeletal, making up 46.77% of claims. That...

Drinking alcohol and driving is obviously dangerous, illegal and importantly could stop you get life insurance. Life insurance has a serious of application questions which qualify our age, gender, occupation, health and lifestyle choices. These determine if we can have the protection and the cost of premium. One of these question points&n...

LV or Liverpool Victoria have just published some interesting data around their Income protection (personal sick pay)  In 2022 Liverpool Victoria have proudly supported 2,150 individuals who couldn't work due to illness or injury (across LV= Income Protection and Personal Sick Pay). Our latest claims report showcases the ways we've been t...

Scottish Widows is a long standing provider in of life insurance and critical illness. Quality protection, but as always, not all critical illness protections are the same covering different conditions and paying at different severities. Therefore picking the correct protection for the landscape is key to financial stability should the worst happen...

The Aegon Life insurance and protection giant formally known as Scottish equitable. Has been bought by Royal London Insurance Applications have ceased being accepted for Life insurance, critical illness and income protection both for consumers and to protect businesses Whilst new applications are not being accepted; those families which s...

The accident and injury provider Met life has just added to their protection with a 247 Doctors support line. So if you have a health question a doctor is available to discuss the situation and symptoms. The change to their accident and injury protection takes effect immediately to the existing clients and new ones alike. Giving yet more ...

. The contract for life insurance looks at our health including our smoking habits. The cost of the protection(s) would be different from all the life insurance providers as they all have strength and weaknesses on this landscape. Understanding if we just have x1 cigar at Christmas, x40 cigarettes a day, nicotine free vape? or other?...

The Life insurance giant Aegon, formally known as Scottish Equitable, has stopped taking on new business and Royal London has taken on the existing clients after a sale has been reached. Aegon has worked with families and their financial needs like life insurance pensions and investments since 1831 and a huge provider in the financial spa...

Life insurance is a contract so if we pass away or terminally ill within a time frame monies would be paid. In creating this agreement the applicants occupation, lifestyle habits, occupation, family history and their passed/current health are factored in. All the life insurance providers review and enhance their application questions from...

In todays world we are all trying to get more and more out of everything we do. Life insurance is no different. Many of the Life insurance providers have different features and benefits with the protection. From legal services, counselling, doctors reports for you and family and even world wide prescription services. Yes some insurance provide...

 The over Fifties life insurance are a great solutions for those obviously at a certain age! With the ability to protect anyone albeit with some rules and regulations National Friendly has just reviewed and released their latest life insurance offering: 2 x sum assured for accidental death – double what it is currently Terminal illness be...

Consumer brand Which? analysed inflation on more than 25,000 food and drink products at eight major supermarkets – Aldi, Asda, Lidl, Morrisons, Ocado, Sainsbury's, Tesco and Waitrose. Meaning if these day to costs are going up and we were ill or couldn't work would the existing life insurance and illness protection we have be inline?  Many fam...

The Group life insurance protection has just changed to included EAP. What is EAP?  EAP or Employee Assistance Programme is designed to support all the employee(s) in their lifestyle when in work and at home. Making their work life balance even more rewarding whilst in employment. A great way for forward thinking employers to get mor...

Life insurance is a protection with a defined structure so if something like a terminal illness is diagnosed or we pass away an agreed amount of monies would be paid to the family.  Life insurance can have a "term" or duration but it can also be whole of life clearly there are different charges for either option. If we look in m...

This week the "Action on Smoking Health" or ASH has reported that the use of disposable vapes among 11-17 year olds saw a more than six fold rise, while 18 year olds "Vaping" and using disposable increased from less than 1% back in 2021 to around 55% in 2022. Whilst this huge growth in both the young and old Vaping and e-cigarettes&n...

The British Heart Foundation (BHF) have estimated that in the UK more than half of the population will get a heart or circulatory condition in our lifetime and with over 10% of all critical illness claims paid out for Heart Attack in 2021 you could say this may be true. If we were to be diagnosed with a heart condition or critic...

A critical illness plan cover specific medical conditions when they reach a specific severity. All of the Life insurance and critical illness providers cover different conditions (all of the Heart Attack, Cancer and Stroke) but how ill do you have to be? CI Expert is a platform to get this data on what is covered or protected, when does it ay ...

Relevant Life insurance is super efficient way for industry to protect the owners directors and key employees of the business with Life insurance.  This is typically a 38% saving over domestic life insurance due to the efficient way its created as a life insurance protection(s) What is the rule? As standard, insurers will allow a multiple of a...

A number of Life insurance companies have raised £170,000 for the cause Dementia   There is currently no cure for dementia, not classed as a critical illness or terminal illness by the insurance companies as it doesn't harm us other than effecting memory! A claim would only be paid in the event the insured has passed away. It costs the NH...

Golden Rock Solutions specialises in placing the right family with the correct life insurance or critical illness provider. As you can imagine the providers are all different protecting different illnesses and claims paid at different severities. let alone their monthly fee. Moreover, especially when we are talking critical illness protec...

Golden Rock Solutions has said before that all life insurance is different its not just a commodity if we die we get a set sum of monies.  Yes the price and application process will be different dependant on our lifestyle, age, occupation and more. Along with application process differing which impact on the time the life insurance is finally ...

With all things if you can see trends and patterns we can get ahead of the game. Scientists and database marketeers have been working together to see how shopping trends are similar to those who contract cancer. Like all cancers and illnesses early diagnosis is key to get the best success of treatment. The study using data from loyalty and sto...

Many families think about what would happen if? Life Insurance and illness protection is the ultimate in this question because of the impacts to them and their family if we get it wrong.  Life insurance can pay a lump sum on passing away or diagnosed with e a terminal illness and yes there can be lots of additional features within this; b...

Legal & General, the life insurance giant, has made changes to their life insurance application questions and underwriting process (this includes the questions for critical illness and income protection too!). This change(s) will effect thousands of consumers and business owners on the life insurance, critical illness and income prote...

The scary FACT about Cancer 1 in 2 people will get Cancer in their life time. How we protect ourselves that's medically and or financially for this likely event is our choice.  With Men 1 in 8 will get Prostate Cancer and Prostate Cancer is higher for black men at a terrifying 1 in 4 Horrible reading; which when diagno...

If we are self employed we only have our abilities, our savings and possibly the help of our friends and family to support us financially. That's even if we are ill and can not work. Many small business owners and those whom are self employed know the stress of going to work and not being 100% well. Yet we hall have bills to pay right? Legal and Ge...

Smoking is now thought as a serious negative to our long term health. This effects our options and price we pay to protect our families with Life Insurance. As Golden Rock Solution says "all the Life insurance providers are different AND they keep changing their terms and conditions!"  For those families which smoke and use nicotine produ...

Income protection is a rather handy protection tool in todays work. Paying an amount of money in any event ill and cant not do your occupation (confirmed by our GP) Income protection is like our own sick pay! Many of the Life Insurance companies provide Income protection as they recognise its not just the critical illnesses or passing awa...

Life Insurance is going to pay a sum of money if we pass away. The Life Insurance providers all have a set of application questions & processes to verify if they can support an applicant or not. Along with the associated premium or cost for that protection. This application process would factor in occupation, lifestyle choices, family heal...

Working in Life Insurance its great to feed back some of the positive wins we have for the families we work with. As we have said before all families needs, occupations, current and previously health and lifestyle choices are different. This in-turn is just like the Life Insurance companies they are all different from an application process, how th...

The world has become such a fragile place what with Covid, Wars breaking out with huge financial impact and escalating costs in society. Every domestic cost appears to be increasing daily applying more pressure to families! The question many are facing is "eating / or heating?" which is a horrid question. This would only be magnified if we could no...

Life Insurance uses a number of drivers and attributes to work out the cost or premium. Like our Age, lifestyle choices: smoking or dangerous sport, our occupation and our families history on health. As consumers we know the impact of passing to our immediate family. We know we may want to settle down / get married at some point...

1 in 4 black men GET Prostate Cancer  A horrible statistic Mcah Richard's has done the noble thing of bring awareness to all men - not just blackmen. That Prostate Cancer will strike and will kill - effecting to many families. Which "Life insurance" protects the family but its after the event and we have passed. However, there are mo...

Like all Life insurance companies they all have teams which analyse & review where claims come from. I suppose from their side it could mean in the event of a claim the Life Insurance company has to pay a claim! So this analysis process inspires ongoing change on the application process, new questions to identify existing and future r...

In the world we live in many people have used and experimented with recreational drugs. How does this impacts and effect the ability to defend their family for years to come. Clearly there are many drugs which people can use like Cocaine, Cannabis to sports enhancing drugs. Along with those that are used in medicine to promote recove...

We here all the time the cost of living and how things are expense. If you or your partner were ill or passed away how long could you survive on your savings and x1 income not x2? Life Insurance, critical illness and or income protection is not the sexiest thing to think about Golden Rock Solutions understands this. However, neither is the imp...

Golden Rock Solutions give free independent advice for families & Industry about the choices on Life insurance, Mortgage Protection, critical illness cover, Income protection, whole of life insurance and inheritance tax solutions. This means we get easy application process, better overall pricing and much much more Working w...

Inflation for food now hits 12%, all our bills and costs raising by what appears every week and families and businesses looking to find the gap to make ends meet.. A big element of the work Golden Rock Solutions does is try to save money when the structure of the protection is not as efficient as possible - huge monthly sav...

Golden Rock Solutions give free independent advice for families & Industry about the choices on Life insurance, critical illness cover, income protection, whole of life insurance and inheritance tax proofing solutions. This means we get easy application process, better end pricing and much more  Working with b...

Golden Rock Solutions and our Nottingham based team give families and business owners access to free independent advice around Life insurance, critical illness cover, income protection, whole of life insurance and even inheritance tax proofing. Working with industry providing business protection including Relevant life insurance, Key man ...

The team at Golden Rock Solutions give families and business owners access to independent which is FREE OF CHARGE The advice is around Life insurance, critical illness cover, income protection, whole of life insurance and inheritance tax proofing solutions. Working with industry providing protection includes Relevant life insura...

Golden Rock Solutions is helping families and business owners access with free independent advice around Life insurance, critical illness cover, income protection, whole of life insurance and inheritance tax proofing solutions. Working with business owners providing business protection insurance including Relevant life insurance, Key...

Free independent advice from Golden Rock Solutions gives families and business owners access to the best Life insurance, critical illness cover, income protection, whole of life insurance and inheritance tax proofing. Working with business owners providing business protection including Key man insurance, Relevant life insurance, Exec...

The Golden Rock Solutions team give families and business owners access to free independent advice around Life insurance, critical illness cover, income protection, whole of life insurance & inheritance tax proofing. Working with business owners providing business protection including Relevant life, Keyman insurance, Executive Income Prote...

The team at Golden Rock Solutions give families and business owners access to free independent advice around Life insurance, critical illness cover, income protection, whole of life insurance and inheritance tax proofing solutions. Working with business owners providing business protection including Relevant life insurance, Executive Income Pr...

Here at Golden Rock Solution's we give families and business owners access to free independent advice around Life insurance, critical illness cover, income protection, whole of life insurance and even inheritance tax proofing solutions. Working with business owners providing business protection including Relevant life insurance, Key man i...

Golden Rock Solutions give families and business owners access to free independent advice around Life insurance, critical illness cover, income protection, whole of life insurance and inheritance tax proofing solutions. Working with business owners providing business protection including Relevant life insurance, Key man insurance, Executive In...

Golden Rock Solutions help families and or business owners with free independent advice around Life insurance, critical illness cover, income protection, whole of life insurance and inheritance tax proofing solutions. Working with business owners providing business Insurance protection including Relevant life insurance, Key man insurance, Executive...

Golden Rock Solutions give families and business owners access to free independent advice around Life insurance, critical illness cover, income protection, whole of life insurance and inheritance tax proofing solutions. Working with industry providing business protection including Relevant life insurance, Key man insurance, Executive Income Protect...

Golden Rock Solutions give families and business owners access to free independent advice around Life insurance, critical illness cover, income protection, whole of life insurance and inheritance tax proofing solutions. Working with industry providing business protection including Relevant life insurance, Key man insurance, Executive Income Protect...

Golden Rock Solutions give families and business owners access to free independent advice around Life insurance, critical illness cover, income protection, whole of life insurance and inheritance tax proofing solutions. Working with industry providing business protection including Relevant life insurance, Key man insurance, Executive Income Protect...

Golden Rock Solutions give families and business owners access to free independent advice around Life insurance, critical illness cover, income protection, whole of life insurance and inheritance tax proofing solutions. Working with industry providing business protection including Relevant life insurance, Key man insurance, Executive Income Protect...

The Life Insurance application process sometimes requires the confirmation of health. This could be confirmation of a Doctor's report and sometimes a nurse will be used to confirm heights and weights, smoking status even take blood - so a medical screening service. With the staff crisis and the availability of skilled workers (like Nurses) being at...

Met Life commissioned a survey on what consumers thought regarding their feelings on missing payments to their Mortgage both this and last year. Interesting findings in the current economic climate: 48% of people said they're concerned about missing their mortgage repayments in the next 12 months – up from 37% of people in 2021**.   Usual...

The Life Insurance and critical illness protection giant Canada Life has decided to leave the UK domestic market with immediate effect. Canada Life has been successful in supporting 1,000's of consumers and families with a brilliant take on Life Insurance and critical illness products. Their unique take on underwriting gave smokers, ...

Life insurance which protects everyone throughout the company is often called "Death in Service" or "Group Life insurance" Legal & General is one of the providers who can support companies, so the company and their employee's (along with their families) are protected  Legal & General supported industry with over 5,500 Group Life P...

Life insurance is a huge field and obviously the companies work in very different ways to support and protect their families and businesses. The Life insurance companies set their premiums (or costs to be insured) based on age, body mass index, health, occupation, family health and lifestyle choices. One of the biggie's is lifestyle ...

Golden Rock Solutions is an Independent advisory service for life insuarne. Giving families and business owners access to free advice to get more to help them protect their families and business(es) Obviously understanding the functionality and cost is important, of course it is! But the application process questions and even method to approve ...

Many families have critical illness and life protections which is great as it protects and defends the insured family at horrible times. The claim would only be payable if the condition was on the plan AND meeting the severity in the terms and conditions! This obviously makes many people hesitant about is the protection going to defend them at...

Golden Rock Solutions is an Independant advisory service. We help families and businesses protect in the event of illness, critical illness and passing away. All the insurance companies are different; not in how they just charge for their solution, but the application process, the functionality of and features of the protection. Let alone...

When setting up life insurance the applicant must disclose age, height & weight lifestyle choices, occupation, health and more so protection can be assessed and approved. Clearly some landscapes are more risky and complicated than others. Specifically around health it can become more problematic. What we feel as a consumer is healthy ...

Life Insurance companies use probability, evaluation of risk and key indicators to work out premiums or the cost of the life insurance. For example if we are older passing is more likely, do a dangerous occupation, or family have had a number of health challenges and or the age of diagnosis of - to name a few examples.  BMI is Body Mass index ...

If you work at heights or do hobbies like rock climbing different companies may be supportive or less comfortable with this. Knowing which companies are understanding can save a huge amount of money ongoing and every month - again not all life insurance companies are the same. The reason we know this is, some companies do not even ask "do you work ...

In the current climate many homeowners are not just moving home they are borrowing against their Mortgage and building and home improving. Whilst this is a great time to do this due to low interest rates it often means the historic life insurance is out of sync with the new Mortgage amount or duration. This financial mismatch obviously leave a...

We wont pay inheritance tax because we are a couple? Inheritance Tax does have a exclusion for "Married" or "Civil Partnerships" meaning that are spouse or other half would legally receive all the estate WITHOUT paying Inheritance Tax. its called the "Spousal Exclusion" The important things to note here we have to be a "Married" couple and how does...

Many Families do not realise that Life Insurance can cover many "additional" features and benefits! However, all the companies provide different additional solutions within their package. Fracture cover is a solution which a few of the providers add into the protection mix. It is worth while to factor in if you play sport or have a danger...

Many families feel that income protection is expensive - however if we ask if we loose are income how long will it take to run out of savings and the be a super big financial problem. Income protection works on the basis ANY reason our GP states we can not work it pays money. This could be a broken bone, stress or an accident - these are typically ...

If we look at the risks to families there are many around home. What with Mortgage or rent, monies to support children, educational needs, costs in the event of illness the costs for funeral and more. Many family look at x1 big chunk of insurance which is great but for many this is more expensive, could be said inaccurate for the bigger pictur...

Having a condition like diabetes can be limiting enough but for many it limits the options for their family protection and what they pay for life insurance, critical illness and income protection. As Golden Rock Solutions has said many times all insurance companies and even their opinion, stance, premium & even questions to apply for insurance ...

Many families use the comparison websites in an attempt to find the best deal to protect their family with life insurance and critical illness cover The comparison websites only focus on price like all the providers are the same for the applicant. These insurance companies are all VERY different from their application process, illness covered and f...

If we have bought life insurance and illness protection we probably had a need or concern that what if could compromise our family or business.  The life insurance and illness protection market is a very fluid one x6 years ago nobody new about Covid-19 as a illness and look at the impact that has created globally! Not just from the actual illn...

In the digital world of today relying on wet signatures and the post is a thing of the post! Historically protection was done with pen and paper and good old fashioned post. This was timely awaiting docs, costly in time to process manually, lead to errors even the loss of documents! This impacted on the families as the protection was not ...

Speaking to families sometimes we get the felling that nothing bad ever happens and that sick pay, savings and family will always be there to help out. Which im sure to some extent they will be. As a Dad myself would i want to have to go to family in the hour of crisis, illness or event of passing cap in hand to financially support my family - prob...

Inheritance Tax sometimes know as the "Death Tax" is given to all families with an estate over £325,000 * terms apply. In fact all estates are locked upward of £5,000 to see if tax for HMRC is applicable this process is called "Probate" You need to make the first payment to the before 6 months of the date of death or the HMRC will start chargi...

Protecting family is the most important thing for many young and old parents and families. Sometimes we have a landscape where we have a major earner and the one whom manages home, the children and all that entails (no small job by the way!) .  Golden Rock Solutions is working with more families to insurance both the main earner and the p...

We must hear every day "I'm never ill" "I will be ok" "my family would be their for us if i was ill" Which I'm sure are valid points but how far could a family survive on family hand outs and savings and how often do these nasty events happen?  Liverpool Victoria commissioned a report on young families where the couple are aged 25 - 39 wi...

Most families would agree if we cant work through accident and or injury it will not take long to have a financial impact on the known costs and stability of home (sick pay and savings only last so long...). After all the land lord or Mortgage wants paying if we are ill or not.  Also for parents children want feeding no mater what too! No...

We all know the risks with life its ever changing but for 41,000 children each year Mummy or Daddy will not be in their lives anymore. Not only is that a massive emotional hole in those children's lives but the impact on their lifestyles, education and even where they will live can be impacted. This is before the impact on the surviv...

HSBC is doing great things with their life and critical illness protection opening their doors to protect yet more families. July see's the following changes in their application process: Now offering to protect families with BMI's up to 42 for Life & CI ( this is obviously age dependent I have added the new BMI table) Now offeri...

Golden Rock Solutions as an advisory service try and help families with the best protection highlighting the different between the plans.  At Vitality they call critical illness protection "Serious illness protection" or SIC  The Vitality plan is a very wide reaching plan here are some of the features: 153 conditions covered with pay-outs...

Guardian is getting Better and a month free! Guardian is a unique provider of life insurance with a different slant on how they protect families. Even their terminal illness protection is slightly different to the main stream providers. To celebrate the launch of Protection Builder 2.0 and the enhanced Qi tool, Guardian is running a special of...

Many families blindly think all life insurance comes are and do the same things? Loosely they all work on the basis of: if we pass away they pay a chunk of money to family. However, the application process, acceptance criteria, claims pay out rates, support and features all differ hugely between the providers. This is even before the price of the p...

In the event of life claim all the, difficult, admin needs to be completed to alert the insurance company there has been a change and an event. A difficult conversation and process at a super horrid and emotional time. For many those life insurances or monies have specific tasks like - stability to pay the Mortgage so the family home...

Claim process for life insurance, critical illness and even income protection obviously comes at a difficult time for families by the very nature on how this protection defends families or businesses. Golden Rock Solutions is a Independent Financial advisory service we are not here "just" to set up the protection but support at the claim stage to. ...

LV launches a new angle to protect families via Income Protection - specifically if the children are ill But Mum or Dad would be the insured. LV= will lead the market by introducing Income Protection policies that include Parent and Child cover. This means that if a parent needs to care for a child because they are diagnosed with a specif...

CI Expert has been giving analysis and advice to advisors and their clients for 10 years! CI Expert providers analysis of the critical illness plans in the market place and the historic ones. This means when advisors speak with families they can use data to say which is the most relevant protection for their needs. More than this we can compar...

We often get asked "Do I need to do a medical or get my GP to confirm my health to get the insurance?" The answer is sometimes - which is usually defined by what the protection is and the duration of, whom we are protecting (and their health challenges) which insurance company(s) we are wanting the insurance from. I say this because different ...

Many families feel that like car insurance if we have x2 or more protection running concurrently that in the event of claim only x1 would pay out. This is wrong! With life insurance and critical illness this is defiantly not the case and multiple claims can be made! Knowing that polices would "ALL" pay if the protection was in the correct term...

As Fathers day passes for another year Dad's around the world get time to reflect, enjoy and spend time with their family. I'm sure many Dad's would get a big thank you and get spoilt a bit from the kids & Family.  However, for some families Dad isn't there anymore... Fathers Day is hard for these families; not just on ...

As many families know the cost of living is increasing at a scare rate at the moment. Many of the families we are working with question the safety nets and protection they set up years ago "how relevant and effective would that be now and going forward" Simply adding more and more protection on top of each other is not always the best answer. ...

Golden Rock Solutions has come across some worrying numbers... Aegon has the number of Critical illness claims are down (this is over the Covid period) however the number of Life insurance claims from Cancer is up (at 34%)  To us this looks like the small possible curable cancers are not being diagnosed and treated (guessing there were lo...

Life insurance is like all financial assets subject to inheritance tax implications. When we pass away all financials, assets and savings would be placed into a process called probate (on cases larger than £5,000) This is where the sum's of monies can be investigated and potential Tax bill's calculated.  If we are Married y...

This week marks the UK's Mental Health week for Men. In the UK, suicide is the highest cause of death among men under the age 45. This horrible statistic could be made better if people shared their problems. Hopefully with those whom can listen and help and demonstrate that there are options other than suicide. Whilst life insurance protection DOES...

NO matter your age, gender, occupation, abled or disabled? or sexual orientation illness and passing away will come to us all. Golden Rock Solutions works to support and include all ages, lifestyles and more so that when the nasty illnesses or one of the team passes the financial stability is there. As we have said many times the Insuranc...

When i hear people say "but life insurance and illness protections just dont pay out" May be they are confusing the life and illness protection world with the rather different insurance types where claim's appear to apportion blame rather than paying a claim?. Aviva has just published that £1.1 Billion or £3,000,000 per day was paid ...

Life insurance and critical illness protections take into account our health, occupation and family history as a landscape. This information is the foundation stone for the underwriters at the insurance companies to build a premium or cost for the required protection needs of that individual or family. How we feed this informati...

With the number of positive infections of Covid dropping, hospital admissions down and restrictions softening; some of the insurance companies are starting to change their stance. Application questions on some insurance companies have changed: so they don't ask whether they've had a positive test in the last 30 da...

Waiting times to see our GP's are getting longer and longer. May be its the fall out and impact of Covid, lack of funding to the NHS or just simply the number of GP's whom are available. Either way, being able to see a Doctor to understand our health and identify if we need medical help quickly only increases a quick recovery process. Som...

Probate is the process of dealing with the estate of someone who has died, which generally means clearing their debts and distributing their assets in accordance to their will.  Im sure many people have heard about inheritance Tax this is where this calculation is made. The probate process typically take 2-3 months However, it can ta...

In the UK a Stroke strikes every five minutes 100,000 people have strokes each year There are 1.3 million stroke survivors in the UK. That is 1 in 6 persons will have a stroke in their lifetime. A Stroke when the supply of blood to the brain is reduced or blocked completely, which prevents brain tissue from getting oxygen and nu...

I hear so often "Life insurance it does not pay out though does it" unfortunately that could not be further from the truth. As an example of this the following is the claim statics from Scottish Widows over 2020 -2021 period A staggering £207.9 Millions was paid to families this year, that is £821,000 per day. The total number of claims was 10,426&...

No shocking news but smokers pay more for their life insurance and other protections. However, if we stop smoking what are our options? Do the premiums just go down to none smoker rates (we need 12 months nicotine free). The answer is one of two options: 1) Some insurance companies would be pleased to hear your now a none smoker and ask you to re-a...

In todays world with escalating fuel, utility and household prices; everyone is being careful with their spending. Many families are looking at cutting costs and saving where ever possible from their weekly budget. Golden Rock Solutions can give free advice to find savings, more performance and wider protection and even inheritance t...

A life insurance often includes terminal illness protection. This is where a claim would be payable if the insured is diagnosed with a terminal illness by a health care professional and they will pass in the next 12 months.  However, one provider has noticed terminal illness can last longer than 12 months and being solely reliant on a hea...

30th May is World Multiple Sclerosis Day - The fourth most likely critical illness condition and more common in ladies.  Usually strike at those aged 18-55 but anyone can be effected. A disease that affects central nervous system. The immune system attacks the myelin, the protective barrier around nerve fibres and causes Inflamm...

Many families, understandably, can confuse terminal & critical illness protection(s) but they are very different. A terminal illness claim would be payable if we are diagnosed with "any" condition which will result in the insured passing (usually within 12 months) whilst A critical illness claim would be paid if a critical illnes...

Following on from our recent blog around Mental health week 24th May marks world schizophrenia day. Schizophrenia is a mental disorder characterised by delusions, hallucinations, disorganised thoughts, speech and behaviour. The actual causes of schizophrenia are not fully understood and can happen at any age. The causes may include g...

Like it or not one day we will all pass away. In the UK when we pass all of our possession will be assessed for potential Inheritance tax fee's by HMRC for those whom may benefit or receive these assets (money, shares, property and other..)  The process to calculate if fee's are applicable is called Probate. The Probate pro...

Golden Rock Solutions is proud to let you know of the advance of the Relevant life protection from Zurich... Zurich has now move to a completely electronic sign up process... This will reduce admin time and ultimately mean business owners can get protected quicker all over the phone. As we have posted on Relevant Life protection before but this sty...

At a time where industry is trying to find more ways to cater and support good staff to reduce recruitment and training fees a great idea is to look at the employment package. A group protection policy can protect all the employees in the event of passing, diagnosed with a critical illness and or even provide a sick pay solution (inc...

For homeowners the Mortgage is one of the first things they think of paying each month. If they were ill they may have to rely on reduced sick pay from work and or dip into savings each month to make sure the payments continue. Most families remember the statement from all the Mortgage companies "Your home is at risk if you do not keep up...

Hear Attack, Cancer and Stroke make up 80% of critical illness claims in the UK Cancer is 65% of this amount. Cancer unfortunately will attack 1 in 2 people in our life time.  At Golden Rock Solutions we understand that our families needs are all different. We may want to protect against specific types of cancer's due to family histo...

There are 800,000 people in the UK with varying degrees of Dementia. With ever improving Health, Technology and Drugs life expectancy will go up but unfortunately the likely hood is Dementia cases will double over the next 40 years. Dementia can be diagnosed at any age and there is no cure. This may mean that families income is effected to sup...

When we are protecting ourselves and our families against critical illnesses its good to know how protection works. What do they cover? when do they pay for these conditions being diagnosed?  To make this even more interesting all the providers of critical illness protection cover different number conditions, they pay a claim at diff...

Many would agree smoking is bad for us - however the good news is there are much healthier options to give better life insurance and critical illness protection for families. Some of the Insurance companies are now seeing the different choices around smoking and this is reflected in how they support smokers. Some providers will "reduce" their premi...

The Exeter have published their latest report on how they supported their members throughout 2021. Highlighting the real value of income protection; after all income protection protects in the event we can not work "not" just specific conditions meeting a specific severity like a Heart attack, Cancer or Stroke (that's a critical...

Its been a difficult weekend with what may be that last time i see my Dad. His physical health has taken a dive and its hard for all the family to process the steps ahead and this is before the inevitable takes place. Like any critical illness my Dad's condition effects everyone in the family. That's their mental health, their w...

HSBC have provided an excellent change to their critical illness protection! Most critical illness protection which protect our children only as long as they are in full time education. However, HSBC has taken the morale high ground by allowing the critical illness protection to defend our children up to the age of 23 years; irrelevant of...

In a world filled with violence and dictators marching in and stamping their authority I have taken the time to reflect.  I found the rapid viral opinion interesting to watch on how the 800 employees where poorly (illegally) treated from P&O Cruises. Let alone what is happening in the Ukraine from Russia. With the advan...

Relevant Life is the clever choice for life insurance protection for management and business owners. As we have posted previously obtaining domestic life insurance is not the most Tax efficient protection mechanic for management; due to the impacts of Income Tax, National Insurance and the Limited Company can not get b...

AIG has been voted best performing critical illness provider by CI Expert. Based on a 40 year old male, non-smoker, with a 25 year term and cover for £50,000 including child cover – CI Expert still puts AIG's enhanced cover as the best of the best.  Obviously, not all insurance companies charge the same for their protection, they defiantly don...

UMUM the life insurance and protection house is stopping accepting new applications from the 1st May for their Sick Pay insurance for businesses (like income protection but for the workforce) - so hurry if you want their protection. However, there are other providers for Group Protection like life insurance, critical illness or income pro...

Being a limited company owner we don't get sick pay, we don't get death in service or company perks without it attracting TAX. Buying life insurance from our wages is not the most efficient way to protect our home and family. Many business owners don't know that there are tax efficient life protections called "Relevant Life Insurance" which al...

 I am very pleased to advise that Royal London will shortly update the COVID question on our online application journey. These changes will apply where cover is under £3m of Life Insurance / Critical illness and income protection products where customers are under age 80 as follows: Remove 30 day time-frame causing issues No longer a...

Aviva Life Insurance & income protection have announced some changes to their protections. In light of the world's changes around Covid and the climate we live in Aviva have made the following changes: 1. Changes to our Life Insurance underwriting Changes to our non-medical limits We have made changes to our non-medical limits - These...

Golden Rock Solutions are proud to announce that our new website is now live. Our story is that we know what it feels like to THINK you are protected against what life throws at you… only to find, that isn't the case. We want to ensure that when life goes wrong, you are protected as much as you can be, to make life easier and to navigate through th...

The key to making sure you are protected in every area of your life is to ensure that you have a professional in place to help you and manage your policies for you…

Some years ago, our director Chris Goldthorpe suffered a horrific accident whilst out cycling. Chris had to have an extended period off work, which he thought he had the right levels of protection in place to look after him. He didn't. And that, is why we exist. To make sure you don't have to go through the same pain, worry and debt. None of us lik...