Life insurance

Direct Life is looking to take on three new apprentices to start work in July following the success of its apprenticeship programme.

The average life insurance payout in the UK is £51,500 which would only cover 62% of the average outstanding mortgage (£83,000), according to research from Sunlife.

Friends Life has placed its Fracture Cover addition for its life, critical illness and income protection products on LifeQuote's portal.

Canada Life has begun selling its ‘Simply Class' group life assurance product, aimed at 2-50 employee companies on its CLASS platform.

Direct Life has announced it is looking to attract up to 20 new staff having recently added 15 full time and part time staff.

Over four in ten (42%) of parents have taken out life insurance, and 20% have made a will, research from Aviva has found.

VitalityLife has launched a 5% discount on new Optimiser policies, which will be available until the end of June.

The protection market has seen widespread growth, increasing by 4.1%, Swiss Re's Term & Health Watch 2015 report has found.

AIG Life has launched whole of life policy meaning the insurer previously known as Ageas Protect now offers a complete range of protection policies.

Darren Spriggs, managing director of AIG Life and Jane Dale, finance director at AIG Life have both resigned, the company has announced.