- Life insurance is the most important insurance of them all.
- About 20 years ago, little old Trumpo was an insurance salesman and always believed that life insurance should be the No 1 priority when planning your finances.
- Mon 8th Mar 2010
- Stamp duty return hits first time buyers for six.
- In what can only be described as a dramatic drop in new mortgage lending last month, it appears to be the return of stamp duty that has put the boot in.
- Mon 1st Mar 2010
- Northern Rocks bad bank is not that bad after all.
- Trumpo learns that people are able to move their Northern Rock mortgages to new properties.
- Thu 18th Feb 2010
UK people 'need more life insurance'
Mon 21 Jan 2008 5pm
The UK is currently "hugely underinsured" for life cover, an industry expert has claimed.Nick Kirwan, head of health and protection insurance at the Association of British Insurers (ABI), said that many people do not currently take out the necessary life insurance because there is not an "easy mechanism" for promoting such policies.
He stated that the large number of homeowners organising life cover at the same time as a mortgage is "of course a good thing", but said that people should be more aware of the need for life insurance "when other events happen as well".
Mr Kirwan explained: "If people start a family, that's a time when the need for life insurance particularly shoots up.
"Unfortunately, they don't take it out on those occasions as much as we think they should."
The membership of the ABI includes about 400 companies, accounting for 94 per cent of all insurance products sold in the UK.
