Women Can Save On Life Policy Before New EU Ruling Comes Into Force
theidol.com Can Help You Find A Great Value Insurance Quote Online
Penrith, UK (December 4, 2012) – This month the EU’s new gender equality ruling will come into force making it illegal for insurance providers to use gender when calculating insurance premiums.
Before the ruling comes into force, theidol.com, one of the longest established online insurance comparisons sites in the UK, is advising that any consumers who are considering taking out life insurance that they should check out the prices now in advance of the gender ruling change.
The ruling which takes effect on 21st December 2012 is one of the most significant and controversial changes in the insurance industry for many years. It is likely to mean there will be a significant increase in the cost of women’s insurance premiums which have historically been cheaper across and range of products including car and life insurance.
The biggest impact on premiums for women is expected to be across car insurance, where rises are expected to be substantial, particularly for 17 - 25 year-olds. The ruling will also have an impact on the cost of life insurance. Advice from within the industry and amongst commentators is for people who could be affected by the gender ruling to act now and consider starting a policy before the new rules come into place.
Despite the high level of publicity this change has generated a recent survey carried out by the AA, found that 26% of people in theUKare unaware of the impact of the change. The ruling change is only a month away and some insurers have already begun to adjust their calculations, but for some it could still be worth taking out a life policy now before the new ruling deadline in order to save on premiums.
Peter Burgess, Marketing Director at theidol, commented on the forthcoming ruling; “The changes are significant, but insurance companies will still be fighting for consumers business; so it’s more important to shop around than ever before. theidol.com already offers great value and you can compare quotes from top insurers.”
“Although the cost of life insurance will rise for women, it’s not all bad news as their annuities are expected to rise as the pension income has always been lower for women due to gender. It is a good idea to visit a site like theidol.com and get a quote before the deadline to take advantage of potential lower premiums with insurers wherever possible.”
theidol.com (www.theidol.com) has been established online since 1999. The site is able to provide some of the lowest quotes in the market from a range of well-known insurance providers. Products include life insurance, travel insurance, pet insurance and pension annuities.
Contact:
Peter Burgess
0844 980 8601
press@sayu.co.uk
www.theidol.com
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