UK Life Insurance Market In Healthy State

Wed, 19 Dec 2007

Britain’s life insurance market is "quite strong" with many benefiting from the market’s attractive prices, an industry expert has revealed.

A spokesperson for independent financial advice provider Libra Financial Planning said that the market is "very competitive", despite pricing variations throughout the industry.

He added that medical advances and significantly healthier lifestyles in the UK have helped to cut the cost of life insurance considerably over the last few years.

"It would seem that people's life and longevity is increased and so the life insurance companies aren't expecting people to die; they're more likely to have a critical illness like cancer or heart disease," the spokesperson said.

Figures from financial services firm Prudential highlight the boom in the UK life insurance market with around £105 billion of written net premiums in 2004, making it not only the largest market in Europe but also the third biggest across the globe.
add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.

 

 

newsnews rss
Life Insurance news
New life insurance deal - Thu, 21 Aug 2008
Life insurance agreement between two companies - Mon, 18 Aug 2008
UBS unable to cover life insurance clients - Fri, 15 Aug 2008
More News
LV 50 Plus Plan

The LV 50 Plus Life Insurance Plan from Liverpool Victoria is cover for people over the age of 50.
Click here to apply

Mortgages