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- 2008 will be regarded as the year the financial world changed forever.
- Mon 5th Jan 2009
- The 2008 Emergency Budget.
- The most important Budget for a generation and the unknown impact on the real economy.
- Mon 24th Nov 2008
- Trumpo recovers from the shock of the Positive 1.5% interest rate cut.
- More interest rate drops still to come and maybe even Zero percent.
- Wed 12th Nov 2008
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.
