The life industry is still in the midst of change as the controversy over endowments rumbles on and ...
The life industry is still in the midst of change as the controversy over endowments rumbles on and the nation awaits the advent of stakeholder pensions; but despite the changes afoot, the outlook for the term market remains positive as sales continue to rise. The latest figures from Swiss Re's Termwatch show that new sales of individual regular premium business have grown as a percentage of the life market from 18.6% in 1994 to 32.8% in 1999. This figure is expected to rise further in 2001 as a greater number of products are sold alongside mortgage loans. Ian Beggs, senior press offi...
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