Life assurance should be extended to dependents so that should a tragedy occur, employees have some financial resources to support their family, Punter Southall Health & Protection Consulting (PSHPC) has said.
Whole of life sales have plummeted following a change in non-investment linked marketing emphasis among providers, Swiss Re's Term and Health Watch 2013 has shown.
An online quoting system has reported that all consumers look at more than one protection product area when considering cover.
Lack of flexibility and limitations on bolt-ons have been eroding the value of term assurance, an adviser has warned.
Specialist Lloyd's insurer Jubilee has announced a strategic move to grow its specialty term life business across both underwriting and distribution.