Speaking at the Federation of Small Businesses (FSB) annual conference in Aberdeen, Mr Salmond said he would challenge such a policy.

UK Business Secretary Lord Mandelson said increases were difficult but sometimes necessary.

Mr Salmond also unveiled a £5m investment fund for small businesses.

In his speech, the first minister said: “In terms of the pre-budget report, the SNP MPs join with others to challenge the policy of increasing the tax on jobs in the middle of a recession.

When businesses are saying to me the priority demand is to reduce the deficit, then they can’t then in the next breath exclude the means of doing that
Lord Mandelson
Business Secretary

“It cannot be right to increase the tax on jobs as the country is still in the throws of recession.”

Speaking ahead of the conference, Lord Mandelson said: “If you were to choose some alternative way of raising taxation, for example, VAT, there would be many sectors of the economy who would be coming to me and saying please don’t do that.

“Nobody likes increased taxation and you don’t introduce it unless you have to.

“When businesses are saying to me the priority demand is to reduce the deficit, then they can’t then in the next breath exclude the means of doing that.”

‘Finding savings’

Shadow Chancellor George Osbourne, who also addressed the conference, said: “I am working night and day to try and avoid Labour’s National Insurance rise, not just on small businesses and large businesses but on many many thousands of people in Scotland because it is also an income tax rise.

“What I am looking for are the ways to avoid it and that means finding savings elsewhere.

“But I am only going to be able to give that commitment when I am absolutely clear that I can afford it because the last thing people want from politicians at the moment are promises that they can’t keep.”

Small businesses truly are the lifeblood of the economy and are doing all they can to ensure the country fully recovers from the recession this year
John Wright
FSB national chairman

Mr Salmond also announced the creation of a £5m investment fund for small businesses.

He said the fund would offer more than 430 growth businesses in the east of Scotland access to loans of up to £50,000.

The government said the fund had the potential to generate increased turnover of £34.56m in small and medium-sized enterprises and could create approximately 1,300 new jobs.

The initiative will be supported by £2m in European Regional Development Funding and £3m of funding from the 12 local authorities who will deliver the scheme.

It will operate in Fife, Aberdeen, Angus, Edinburgh, Clackmannanshire, Dundee, Falkirk, Fife, Midlothian, Moray, Perth and Kinross, Stirling and West Lothian.

FSB national chairman John Wright said: “Small businesses truly are the lifeblood of the economy and are doing all they can to ensure the country fully recovers from the recession this year.”

The federation, which has over 20,000 members in Scotland, exists to protect and promote the interests of the self-employed and all those who run their own business.

Business life insurance is mainly purchased to protect businesses from the loss that would occur in the event of a manager or executive employee’s death. This key employee is usually considered critical to the businesses’ survival. Life insurance for businesses is important to prevent financial losses to the company. The surviving employees or business owners can use the payout to replace the lost employee, pay off business debt or use the payout as cash flow into the company that otherwise would have been provided by the employee or executive.
Who benefits from Business Life Insurance

Business life insurance may be more important to small businesses where there are only a few key employees, such as the owner or manager. This individual is an essential part of the businesses’ operation. Small businesses may not be able to afford to replace this individual or retrain an individual to take over, making business life insurance essential. Business life insurance for small business owners is also a more attractive purchase than individual life insurance policies because small businesses can enjoy the corporate, therefore lower, tax rate that applies.

Consider purchasing business life insurance if you own a small business or are part of a larger organization with a few key, indispensable employees.
Life insurance for businesses is a safe way to protect against financial loss in the unfortunate event of an employee passing away.

Most agents will tell you that the best type of to buy is the one that is in force on the day that you die. We are all aware of the importance of investing, yet most of us are unsure as to what kind of policies should be bought for maximum benefit. We pose this question to our agents or brokers and ask them to explain about the policies which suit us most. We generally look for benefits like income tax benefits, riders etc. We also want that our policy gives us the best returns at the end of the term or should be easy for claim settlement after the death of the policy holder. Nowadays many policies are also accompanied by medical insurance benefits. There are a number of options in terms of policies that are offered by the various companies.

The most important questions are what kind of policy has to be bought and for how long. Also the cost of the policy is a major factor. You can ask agents to guide you in these matters. Give your personal details and your budget and the life insurance agent will give you the options. Compare the options and decide which one to go for.

If you have any other kind of then it is the wrong kind. Though there are many agents that may disagree to this, but by and large it is true. Most agents will try and match the type of to how long you will need the coverage. If you need the coverage for 20 years, then what you need is a 20 year level term. First, check out the 20 year level term cost and then decide. If the policy does not give you death benefits then obviously you have bought the wrong kind. Period of the policy should be decided after proper consideration.

The term should be fixed in years according to the time when you will need the benefits of the policy. Check out term cost and then decide which one you would like to buy. If the insurance policy that you are going to buy does not give you death benefits then you are surely into the wrong kind of policy. The basic purpose of a policy is to guarantee the future of your family after you are gone. You have to decide for how long you want the life coverage. If you want the coverage for 20 years then go for level term policies and find out the level term cost.

If you want the coverage when you die, which may be around 45 years from now, then you will need some kind of permanent. No lapse universal life insurance or whole is the best for such long term needs. Check out for the great permanent quotes on the Internet for the best deals that are in the offering. The term cost is often very lower than the no lapse universal or whole. Life insurance can be of the temporary and the permanent types. If you want death benefits and want your life insurance to exist when you die then you will have to buy permanent life insurance policy. These may be of the kinds of no lapse universal life insurance or whole life insurance for the long term needs. These life insurance policies are slightly more expensive than the term life insurance policies but yields better benefits. To find out good life insurance quotes you can browse the net and look for the best deals in the offering.IIf you want your live insurance to cover your natural death then you have to buy one which is of the permanent types. Permanent policies comes a bit expensive than the temporary ones but gives you more benefits and death coverage. The best long term policies are the universal or whole life insurance policies. The internet offers you good permanent life insurance quotes.

The other question that is daunting most people is how much life insurance in needed. This is also a very important question and needs to be dealt with great care and accurate calculations. This question needs to be answered before you go for the shopping of the life insurance policy. You need to determine the correct face amount so that you are completely sure of what is needed for your family when you are gone. If you don’t arrive at the right face amount, you will never be sure of the future of your family when you are gone. The next step involved in buying a life insurance policy is to decide the face value. This should be decided on the amount you can invest and also the amount that would be sufficient for your loved ones and family after your death. You should precisely calculate the face value of your policy and know about the benefits associated with your policy. Taking the help of your agent could be a good option while deciding the face value of your policy. When you plan to buy a life insurance policy the most difficult part is to decide the face value of the policy. The face value should be decided on the basis of money you would like to leave for your family after you die. This depends on the lifestyle of the family and the liabilities and also on how much you will be able to invest. You can ask the life insurance agent to calculate the exact face value for your policy.

Generally, there are various ways of calculating the face value. You can take the help of a needs analysis tool, which is available on most life insurance websites. With the help of the needs analysis tool, you can find out the exact term life insurance cost also. The needs analysis tool is absolutely free and you can use it whenever you want. The accuracy of the needs analysis tools depends on the inputs that you feed. So, make sure to use the accurate figures. The face value of the life insurance policy can either be calculated manually or you may take the help of the needs analysis tool. This needs analysis tool is available on many websites. You can find out the exact face value of term life insurance with this needs analysis tool. This service is absolutely free and can be availed anytime. The accuracy of the face value depends upon the data that you input for calculation of the cost.IIf you are taking the help of an agent then he will be able to calculate the face value of your policy and also the cost of the premiums. You can also take help of needs analysis tool, which you can get over the net. With the help of this tool you can get the exact face value of your policy. This service is free of cost and can be availed anytime, anywhere. If you feed in the correct data then using this service you can get the accurate numbers.

A single person of 18 years of age may not need any life insurance at all. However, if you have a family and kids, then you must surely have at least one life insurance policy that will take care of your family’s needs when you are gone. If you are between 20 and 30 years of age, you need to have a life insurance cover that is 15 to 20 times of your annual income. If you are in your 30s will need to have a life insurance cover that is 12 to 15 times of your annual income. Generally young people and single persons do not take insurance cover as they do not have liabilities on them. But if you are married and have kids then it is evident that you want a secure future for your family once you are gone. This is the reason why most married people buy insurance policies. If you are between 20 and 30 years of age then make sure that you buy a policy which is 12 to 15 times of your annual income. When one is young and without any liabilities then the issue of taking a life insurance hardly comes to one’s mind. But as the person matures and takes on responsibilities he wants to secure the future of his family. If you are middle aged then the life insurance should be nearly 12 to 15 times your annual income. The more you secure for your future the better it is for your family.

If you are in your 50s, then you may need 8 to 10 times of your annual income. If you are in your 60s, then the life insurance may be for a different purpose. One of the questions that may come to the front very often is; when is the best time to buy life insurance. The best time to get the life insurance cover is the time before you feel that you need it. Once you have a serious ailment like a heart attack or cancer, you will not be able to get a life insurance. It is advisable to buy a life insurance policy early in your life when you are healthy and earn more. The more your age at the time you buy your policy the costlier it is going to be for you. At old age when you are suffering from ailments, it is not possible to get an insurance policy. So you should get the policy before it’s too late. When you are in your 50s you may need an insurance policy which is 8 to 10 times of your annual income.IYou should always buy your insurance before you really feel the need of having it. In most cases people buy policies at a later stage of their lives. The insurance policies cost them a lot and the benefits also are less. If you start suffering from an ailment like cancer or diabetes then you totally lose the change of buying an insurance policy.

GET TERM LIFE INSURANCE QUOTES ONLINE TODAY!

Employment
As the Discovery channel has taught us, some jobs are more dangerous than others are. Life insurers evaluate the likelihood of your premature death based on your career choice. If you are engaged in a high-risk occupation such as a fisherman, pilot, or logger, your rates will be higher. People who are employed in low risk office jobs or similar professions will enjoy lower term life insurance rates.

Gender
Recent statistics show that women outlive men by about 5 years. Insurers view this as valuable information when determining rates. Across a wide range of insurance applicants, these five years can add up to significant premium dollars when multiplied by thousands of policy holders.

Overall Health
Because mortality is so important to insurers when determining a rate for life insurance, an applicant’s overall health is another primary factor in determining rates. Someone with a chronic illness may face higher premiums or may face the possibility that no insurance company will accept them.

Lifestyle
Dangerous people do not make good candidates for life insurance. Smokers, alcoholics and drug abusers will pay higher rates, and may be unable to obtain life insurance coverage. Healthy, non-smoking, non-drug using people may face a similar dilemma if they lead a dangerous lifestyle. Those inclined to participate in highly dangerous sports for example may cause similar concern to a life insurance company.

Genetics
Insurers will ask for information regarding an applicant’s family history. If heart disease or other hereditary disease is present in your family’s past, an insurer can rate accordingly. People that come from families with histories of hereditary health issues are likely to suffer those same health issues in the future, thereby maintaining an increased mortality rate.

With so many opportunities for insurers to limit are deny coverage to applicants, the search for term life insurance quotes may seem daunting. Life insurance companies take many aspects of risk into account when evaluating applicants. That is why rates can vary from one person to another. Two people may seem nearly identical in terms of age and appearance, but they may look drastically different from one another in the eyes of a life insurance underwriter. These differences will determine the rates and availability of term life insurance for an individual.

Lower premiums are available to those who can endure lifestyle changes when needed. One of the best overall strategies to obtaining lower life insurance premiums is to buy term life insurance for as long you can, as early in your life as you can.

Term Life Insurance will afford coverage to you for a specific period. Once this period is up, you can no longer qualify for benefits under the policy if you die. For example, if you buy a 20yr level term life insurance policy, after 20 years, the policy ends and so does your obligation to pay any premiums.

Alternatively, a whole life insurance policy will last until the day you die. You will continually pay premiums on this policy for the rest of your life. The advantage of a whole life policy over a term policy is that a portion of your premium is invested and that investment will grow over time. It will provide you with a return if you ever decide to cash the policy in while you are alive. If you do not cash in this investment portion, it will become part of the insurance settlement to be paid to your beneficiaries. Be sure to read the fine print of your policy however, as the invested portion of the policy is not always returnable to the beneficiary.

When exploring the differences between these two types of policies, it is important to understand that whole life policies are far more expensive than term life policies. It is a good idea to obtain quotes for a term life insurance policy as a comparison to whole life policy so that you can actually compare the cost verses value of either type of policy.

It is also important to choose companies that have a high financial rating. Rating companies such as AM Best and Standard & Poors routinely rate insurance companies based on financial performance, customer service, and their ability to pay claims.

With a term life insurance policy and with universal or whole life policies it is important to remember that they are designed to benefit the people you leave behind in the event of your death. The most important thing you can do in considering either type of policy is to calculate the cost incurred by your family in the event of your untimely death. This cost will include the loss of your income, the payment of your debts, as well as your funeral expenses. Remember that although term life policies are less expensive than whole life policies, the least expensive product is not always the best choice. This is also true when comparing one term life insurance policy against another term life insurance policy. Two policies with similar face values may have a cost that is vastly different from each other. This may have much to do with the rating of the insurance company involved. You may find that a lower rated company with lower ratings, customer service and the ability to pay claims issues the least expensive policy. “Many of our clients ask us what the major difference would be when purchasing insurance through a mutual life insurance company,” noted Bagni.

As with any insurance decision, be sure to consult a qualified and educated broker or agent. Get more information today at Paramount Life Insurance. They offer a FREE benefit analysis to all of their clients. Whether you are looking for a term policy or a universal life policy, we will find you the solution that makes good business sense. Get real time life insurance quotes today.