Tim Breedon the L&G CEO is concerned that slower home sales is resulting in slower life assurance sales. The Chief Executive reports that a 10 percent drop in mortgage related insurance sales in first nine months of this year, is a direct result of the softening property market.

Trumpo reckons that as L&G have recently tied up with the Nationwide to sell their products through Nationwide branches, which should increase L&G’s market share and deliver growth overall for Legal and General next year, the outlook for the sector is not good. It is however a families most important insurance product and should be an extremely important part of any families financial plans and should never be cancelled without professional advice first.

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