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Life insurance not popular amongst young people

Friday, May 7, 2010

A new report released last week has found that perhaps unsurprisingly the number of young people in the UK that are buying life cover or any other type of financial protection is alarmingly low.

LifeSearch revealed figures gathered for February 2010 show that only 3.5% of their protection policies sold during the period were bought by under 25’s validating the trend that seems to have been forming over the past year.

Such policies as critical illness, income protection and lif ... Read full article

Category: Life Insurance

30 per cent sales rise posted by Standard Life

Thursday, May 6, 2010

Britain’s fourth largest insurer (by market value) Standard Life reported last week that they had a 30% rise in global life insurance and pension sales for the first quarter of 2010.

Based in Edinburgh, the insurance giant stated that their sales far exceeded analysts expectations, rising to £4 billion in the years first quarter, a significant rise from the £3.56 billion in the same period of 2009.

The company had even more good news as they revealed that new inflows of funds ... Read full article

Category: Life Insurance
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