Wednesday, August 2, 2006

Luxuries, such as life insurance, being avoided

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 (522 views)
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2 thoughts on “Luxuries, such as life insurance, being avoided

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

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  • Time To Raise Petrol Prices says:

    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?

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