Term Assurance

Individual protection sales declined significantly during 2013; Swiss Re has found.

Three-quarters (74%) of gay men and women take out Life Insurance to protect their home or mortgage, research has found.

Ageas Protect has entered the relevant life insurance market with the launch of a new individual proposition.

Aviva has disclosed it paid out 99.3% of life insurance claims and 92.9% of critical illness claims during 2013.

Foresters Friendly Society is now providing Life Insurance cover to Global Connections a group of agencies of charity workers with members based both in the UK and overseas.

Life assurance should be extended to dependents so that should a tragedy occur, employees have some financial resources to support their family, Punter Southall Health & Protection Consulting (PSHPC) has said.

Whole of life sales have plummeted following a change in non-investment linked marketing emphasis among providers, Swiss Re's Term and Health Watch 2013 has shown.

An online quoting system has reported that all consumers look at more than one protection product area when considering cover.

Lack of flexibility and limitations on bolt-ons have been eroding the value of term assurance, an adviser has warned.

PROTECTION WATCH