Pacific Life Re: Are consumers protected?

clock • 1 min read

Pacific Life Re has conducted on-going research into consumer attitudes towards purchasing life insurance. Here is a snapshot, in the first of a series of articles for COVER, of what the research uncovered.

The UK protection industry is increasingly focused on consumer buying behaviour, attempting to engage directly with the large number of people who don't already have protection in place.   According to the ABI only 24% of UK households have life insurance, therefore suggesting there is still a large proportion of the UK population who aren't protected. Pacific Life Re has written a paper highlighting the key findings from their on-going research, which investigates consumers' attitudes towards purchasing life insurance. Growing the protection market has been a key topic over the pa...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Individual Protection

New online platform launches for care-related advice

New online platform launches for care-related advice

To meet Consumer Duty and vulnerability regulatory expectations

Isabel Baxter
clock 16 April 2024 • 2 min read
LV= pays out £135m on individual claims in 2023

LV= pays out £135m on individual claims in 2023

94% of claims paid out

Jaskeet Briah
clock 15 April 2024 • 3 min read
One in 10 adults would consider IP when having a child

One in 10 adults would consider IP when having a child

The Exeter research shows

Jaskeet Briah
clock 09 April 2024 • 2 min read