Do you have the best value life insurance?

Life insurance is one of those things that you may not feel like you need. However while not everyone needs life insurance right now you will need it later. If you purchase a house one of the normal requirements for getting your homeloan is that you take out life insurance to cover your homeloan if something happens to you. Luckily there is a way for you to get quotes quickly online.

• Fill in your details
• Choose the cover you want
• Click to apply

Justmoney has developed a new tool so that you can find your way around life insurance even quicker and easier than ever before. All you need to do is fill in your details and then choose the type of cover that you need to protect you, your family and your assets. Then you can quickly and easily get instant quote indications for the major life insurance institutions, and just choose the best value cover for you.

If you are taking out a homeloan you will need life insurance and the Justmoney life insurance tool is the way for you to cost your life insurance before you apply for your homeloan allowing you to know what you can afford and letting you plan your budget accurately. It may seem like something you may want to put off but knowing what is on offer allows you to make a more informed decision and if you already have life insurance you may be able to save by swapping your policy over to another provider.

What do I do when the interest rate gets cut?

The Monetary Policy Committee of the Reserve Bank is meeting this week and will be releasing their interest rate decision to the public at Three pm on Thursday 30th April 2009. There is an expectation that the MPC will cut rates and there has been some speculation that it will be by a significant amount. So what can you do to take advantage of a lower interest rate?

• Remortgage your home at a lower rate
• Compare your credit cards
• Review your bank savings accounts

All of these methods can be used to take advantage of a lower interest rate and help you keep your personal finance in a better position. The expected rate cuts have been looked at by Business Report who noted that the interest rate decision will depend on a number of factors and that it would be heavily influenced by inflation data that Statistics South Africa would be releasing this week. Other data that will influence the decision comes from Reserve Bank data on credit extension while SARS is to release trade data. All of these will have an effect on the decision to cut the interest rates or not. While we may be in for some surprises the general view is that the rates will be cut.

Fin24 also looked at the rate cut possibility and reported that the MPC could surprise us with a 1.5 or even 2 percentage point cut. The article also looked at the various data to come that will influence the decision. They noted that a 'bigger cut may be justified by the faster rate of economic deterioration', and that 'it is hoped that faster rate cuts could help confidence and production to rebound quicker'. So stay on top of your finance and if there is a rate cut make sure you are positioned to take full advantage of it.