Wednesday, Aug 02, 2006

Luxuries, such as life insurance, being avoided

Firstrung: Life insurance is as

Sales of term assurance, which pays out on death, are normally steady throughout the year, typically with only modest volumes of seasonal fluctuation: the popularity reflects the low cost of this core insurance for homeowners with families. "This is not so much a tail off as a catastrophic slump, and you have to wonder how people are going to cover key outgoings such as the mortgage payment in the event of the worst happening," said Moneynet chief executive Richard Brown.

Posted by converted lurker @ 04:23 PM (476 views)
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2 Comments

1. markd said...

It really has come to something when there is so much fear of a mere 0.25% increase in the base rate!

Wednesday, August 2, 2006 05:23PM Report Comment
 

2. Time To Raise Petrol Prices said...

Not only that, basic term assurance is very cheap, with all the competition in the market. A non-smoking 35 year old could probably get 100,000 worth of life cover for 15 a month. Are we really that hard up, or just can't be arsed?

Thursday, August 3, 2006 09:21AM Report Comment
 

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