Life insurance boost for LV
6th May, 2015
Despite Liverpool Victoria suffering a slight fall in General Insurance sales in the first quarter of 2015, the Bournemouth-based insurance provider has seen a significant increase in Life Insurance and retirement revenue.
LV Group Chief Executive Mike Rogers suggested that while the recent “benign weather” is to blame for the drop in General Insurance, the provider’s “life business has had a very successful first three months of the year with sales up 19 per cent overall”. With households seeing recent drops in the cost of utilities and petrol in 2015, many consumers could be taking advantage and looking at insurance for long-term financial protection.
So why choose Life insurance? Well, consumers looking for Life cover fall into two general categories: Firstly, there are those that are looking to pay off large debts, normally a mortgage. Secondly, some simply wish to make the smart move of protecting their family in the event of their death, to ensure their loved ones are looked after.
So which is the best policy for you? Well, again there are two main types of policy: Term Assurance is the most basic version of Life Insurance, but with flexible options such as Level-Term, Decreasing-Term and Family Income Benefit, depending on your needs and circumstances. Secondly, Whole of Life is an insurance policy that simply pays out not if, but when you die.
Unlike other websites, we have deals on both Term Assurance and Whole of Life. So click on our quotes page and see if you can find the right policy for your insurance needs.