Life insurance positive amidst the chaos

Wed, 19 Sep 2007

Despite a reeling global financial sector, life insurance appears to be holding its head high.

According to recent reports from Axa and Axa Sun Life, with-profits bonuses on funds and life assurance are stacking up due to an improvement in investment returns. Axa have made several increases in the rates of both regular and terminal bonuses.

With-profits actuary Peter Shelley reportedly commented: "This is good news for most with-profits policyholders who are now seeing further improvements in the payouts on their policies. The fund remains strong and is currently well placed to turn good stock market performance into further improvements in payouts."

The news comes amidst urging by Lifesearch MD for insurance companies to educate their customers. Tom Baigrie reportedly commented: "Providers need to get consumers to understand their need for protection not life. You can do this by talking about claims. Deploy your capital if you are serious about closing the protection gap and growing the market or it will all be about market share ."
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