Jump to main content of pageaccessibility informationSitemap
3 Oct 2024
Get an instant life insurance Get an instant term life insurance quote Cheapest life insurance rate guarantee!
LV
Aviva
Vitaility Life
Royal London
Legal & General
AIG

Life Insurance News

Life insurance projection made by Fitch's

A turnaround in the life insurance sector is in sight, according to research from Fitch's Insurance Group in London.

Sales have been in decline during the harsh economic climate but, if comparisons of figures for the second quarter against those from the first three months of the year are anything to go by, the sales slump is bottoming out.

"Sales have fallen across the market as consumers have cut back on purchasing insurance and savings, in order to channel more of their disposable income into reducing their mortgage burden," explained David Prowse, senior director in Fitch's Insurance Group in London.

"With-profit bond sales are notably higher as the investment guarantees and smoothing they provide seem to be proving highly marketable in a time of volatile investment returns."

According to the firm, the collective value of new business for Aviva, Friends Provident, Legal and General, Lloyds Banking Group, Prudential and Standard Life fell by 24 per cent in the first half of 2009.

Meanwhile, consumers are increasingly switching products as others either lapse their insurance or reduce it due to the recession, research from Aviva showed.

Some 85 per cent of brokers polled by the organisation said they had seen a rise in the number of customers reducing their protection.

Do you want Advice on Life Insurance?

After you have compared the life insurance information on Go Direct if you would like Life Insurance Advice, please complete our life insurance enquiry form and we will contact you to discuses your insurance needs.

 

You may also be interested in:



Go Direct.co.uk is a trading style for website purposes of Go Direct UK Ltd.

Go Financial Services is a trading style of Go Direct UK Ltd which is an appointed representative of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority. FCA Number 456600

Life Insurance uk | Mortgage Life Insurance | Critical Illness Insurance | Income Protection Insurance Quotes | Life Insurance Advice | Term Life Insurance | Decreasing Life Assurance | Critical Illness | Income Protection | Accident Sickness Unemployment | Whole Life Assurance | Remortgage | Accident Sickness Unemployment Cover | Pension Term Insurance | Site Map

Life insurance projection made by Fitch's