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Title: UK Life Insurance

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NEWS
Life insurance costs fall

10 July 2007 10:44:11
New research indicates that the average cost of life insurance premiums has dropped in recent months.

A study by Sainsbury's Bank surveyed 38 different customer profiles and found the price of premiums for over 70 per cent of risk profiles fell in the six months leading up to March this year.

However, life cover premiums for people aged 25 and under were found to have risen slightly in the same period.

There was surprising news for smokers, with the news that the average cost of UK life insurance for a smoker fell by two per cent in the period in question.

It is thought that many smokers could see a significant drop in their life insurance premiums if they manage to kick the habit in light of the recent smoking ban.

British women looking to purchase life insurance were also met with a two per cent average price drop for their premiums.

The overriding conclusion from the research was that consumers should shop around for their life cover, with massive price differences between providers.

The 25 per cent of companies with the most expensive premiums charged around 66 per cent more for their life cover than the 25 per cent who offered the best value life cover.ADNFCR-980-ID-18206247-ADNFCR


Dangers of over-the-counter tests highlighted

11 March 2008 17:11:55
The dangers of over-the-counter medical tests for the "worried well" have been highlighted by health experts.

According to doctors, working in partnership with charity Sense About Science, the tests can do more harm than good as they can be inaccurate - a factor which may affect the life insurance policies of those using them.

A report from the charity warned that tests taken outside a GP surgery or hospital are not reliable.

Self-tests such as pin-prick blood tests could be invalidated by contamination with other bodily fluids, the report said.

"Unlike medicines and national screening programmes, there is no regulation or requirement for research on the effectiveness of testing. With direct-to-consumer tests, anyone can set up a lab and sell testing," the report continued.

The DIY health industry is currently worth an estimated £99 million each year, the BBC reports.

The calls come after a recent study, from the committee on Medical Aspects of Radiation in the Environment, claimed people may increase their risk of developing cancer by undergoing unnecessary radiation scans with private firms.

Direct Life and Pensions Services Ltd are one of the UK's leading providers of life insurance, term life assurance, mortgage protection, critical illness and life insurance advice onlineADNFCR-980-ID-18504780-ADNFCR


FP strength confirmed

23 August 2007 16:32:55
Leading UK life insurance provider Friends Provident has again been praised for its financial strength.

The life cover firm has received an A+ rating from credit rating agency Fitch in its Insurer Financial Strength rating, reports Reuters.

Friends Provident was applauded for its continued attempts to develop new business and diversify.

The life insurer's new business increased by 13 per cent to £3.4 billion in the first six months of 2007, (compared to £3.0 billion in 2006), while international new business grew by 16 per cent to £1.2 billion.

The firm has also established some 200 alliances with intermediary providers, in a bid to establish itself successfully in the German market.

And a proposed merger with fellow life insurance company Resolution was announced at the end of July, under the terms of which the Friends Financial group would be created, serving some 9.5 million customers.

Rumours of counter bids from Pearl, Zurich, Standard Life and Old Mutual, fellow providers of life insurance, critical illness cover and income protection, have been widely discounted.ADNFCR-980-ID-18256591-ADNFCR