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Increased life expectancy leads to higher demand for Life Insurance

Friday, September 3, 2010

According to a new report, people are living longer in the UK, and this improvement in life expectancy is giving rise to a high demand for Longevity Insurance. The report, based upon research commissioned by insurance company Swiss Re, has shown that people are living to greater ages than ever before, meaning that life insurance requirements are changing.

Longevity Insurance is a form of Life Insurance which only pays out to policyholders if they reach a certain age. The product is more ... Read full article

Category: Life Insurance

Banks challenge lead in protection sales held by IFAs

Thursday, September 2, 2010

According to a new announcement issued by the Financial Services Authority (FSA) in Britain, Independent Financial Advisers are still behind the largest proportion of protection sales within the UK, despite the recent economic challenges faced by the insurance industry and protection market.

The statement suggested that the role played by IFAs is now at risk of being challenged, as more banks and high street building societies support their customers to purchase insurance products. In t ... Read full article

Category: Life Insurance
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