What is ‘G Day’
G Day (21st December 2012) – is when men and women have to be treated equally when it comes to insurance premiums and pension annuities. G Day has been brought about in order for the UK to comply with the EU Gender Directive.
What does G Day mean for insurance premiums?
G Day will affect insurance premiums, including the premiums for:
- life assurance
- critical illness cover
- income protection insurance
- car insurance
G Day is also due to roughly coincide with changes in taxation (on 31st December 2012) which are expected to increase life and critical illness cover premiums.
If you’ve thought about cover but put it off (for whatever reason), it’s time to take another look. Don’t miss out… the clock is ticking.
Contact us for more information and find out how you can help you beat the G Day deadline. There’s no point in leaving it until 1st January 2013 and moaning about the cost of life assurance.
Farrell Financial Planning are independent financial advisers based in Scotland. We offer independent advice on life assurance, critical illness cover, income protection insurance, pensions, pension annuities, investments and much more. However we do not offer any advice on car insurance.