Moneynet promotes greater financial understanding for consumers with new life insurance product guide.

Released on = May 23, 2005, 7:23 am

Press Release Author = Bigmouthmedia

Industry = Financial

Press Release Summary = Moneynet has issued life insurance guide to help consumers get to grips with the increasing complexity of personal finance products.

Press Release Body = Moneynet promotes greater financial understanding for consumers with new life insurance product guide.

Moneynet.co.uk, the UK’s most established personal finance research and data website, has published the latest in its series of online product guides to help
consumers get to grips with the increasing complexity of personal finance products.

Continuing the success achieved by the previous credit card, mortgage and loans guides, Moneynet has issued a new guide to cover the subject of life insurance. Aiming to help consumers deal with the many factors that have to be considered when
choosing a life assurance policy, such as:

What sort of cover do you need?
How much cover should you arrange?
Do you need basic life assurance or more extensive critical illness cover, and what about tax?
If the policy requires regular payments, can you stop and start them without stopping the policy?
Can you vary the amount you pay?

Moneynet.co.uk feels that it is important to be proactive on educating consumers about the different aspects of financial products, like life insurance, to ensure that the public understand the products available, and enable them to get the best deal the on product they need.

A report by Dr Brendan Burchell of Cambridge University stated that up to nine million people suffer from debilitating psychological conditions concerning their own finances. The research showed that 54% of sufferers feel apprehension when they have to deal with money matters, while 38% show complete lack of interest in their finances. Other effects include dizziness, palpitations, and even physical
immobilisation. According to an ICM survey, nearly half the population are kept awake at night by money worries. A better understanding of financial matters is
important if consumers are to get to grips with their own finances.

There are currently four guides available on the moneynet.co.uk website, covering, life insurance, credit cards, mortgages and loans. These are set to complement the core financial comparison services available on Moneynet. Further guides are due to
be published later this year.

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About moneynet.co.uk:

Moneynet.co.uk is the UK’s most established personal finance research and data website. The company offers consumers a wide range of low cost financial products: from mortgages and personal loans; to car, home and medical insurance; credit cards; savings accounts and best-buy fixed rate products. Moneynet.co.uk is an ethical, impartial and comprehensive source of consumer finance information, covering the whole of the personal finance sector. Moneynet was founded in 1997 by Chief Executive Richard Brown to simplify the
personal finance market and provide consumers with impartial and inter-active information on financial products and services.

Web Site = http://www.moneynet.co.uk

Contact Details = E-mail: INFO@MONEYNET.CO.UK
Telephone: 020 8313 9030
Fax: 020 8464 1971
Website: http://www.moneynet.co.uk
ADDRESS: Moneynet
Sussex House
8-10 Homesdale Road
Bromley
Kent
BR2 9LZ

Released by http://www.bigmouthmedia.com