Virgin Money has moved into the life insurance market with a range of low-cost products created for it by Tower Australia.

Its term protection products will be aimed at the “budget” end of the market.

A Virgin Money spokesman told insuranceNEWS.com.au that income protection insurance “will be coming soon”.

The life insurance products include guaranteed acceptance for customers aged between 18 and 65 with premiums starting at $2.31 a week.

Preexisting conditions are subject to a fiveyear exclusion period, after which they will then be covered under the policy.

Distribution of the products will be through a website and call centres.

Virgin Money MD Matt Baxby says his company aims to increase life insurance take-up in Australia.

“I think it is fair to say life insurance in this country needs a boost,” he said.

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Everyone at one time or another, has had to face their finances taking a turn for the worst. The possibility of losing your home due to your financial situation could be a heavy burden. Do not fear, help is available. Where there’s an issue theres always an answer.

Sell your home fast to stop home repossession. According to a current report, low mortgage rates have actually saved many people from various financial difficulties during the recession period. But based on the economist Jonathan Davis, the house prices should be expected to fall by 30% in the next two to four years. He also warns that rates is only going to rise along with unemployment since the credit is rationed.

One of the leading factors that effects the home marketplace is the readiness of banks willing to lend funds. The home market foresees property prices stumbling much more, celebrate common sense to sell property quick. I

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Young Britons are being priced out of marriage, home-ownership and parenthood according to study by First Direct.

The internet bank says that today’s twenty-somethings would need to nearly double their wages to enjoy the type of lifestyle their parents had at their age.

The average Briton in their mid-20s would need an annual salary of £39,720 to buy a house, pay for a wedding and have their first child – all milestones their parents’ generation had passed at that age. To buy a house at the same level of affordability as their parents could at the same age, the average twenty-something would need to be earning £44,600.

Someone in their mid-20s can expect to earn an average of £25,500.

A couple who married in 1985 could have expected to pick up a house for something in the region of £35,000, four times the average salary. The avera

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Sales jumped 1.9 percent in January from the previous month, the Office for National Statistics said in a statement.

That followed a downwardly-revised 1.4-percent drop in December — the worst performance on record for the month.

Retail sales meanwhile were up 5.3 percent in January compared with 12 months earlier. T

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Welfare cuts to be made over the coming years will leave low-paid families thousands of pounds worse-off despite the coalition government’s claim that there will be “no losers” from its austerity measures.

Research carried out by the TUC has found that a family with two children, with both parents in minimum wage jobs, could lose more than £2,700 a year by April 2013 as a direct result of changes to the tax credits and benefits systems.

The loss to the lowest income groups could be much higher once housing benefit is capped, elements of working tax credit and child benefit are frozen and the child trust fund is abolished. Middle

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