View more on these topics

Life cover lost in the paper chase

So-called simple online applications for life insurance can generate as much as 29 metres of paperwork.

Torquil Clark Life Insurance director Jason King wanted to compare the consumer experience for buying life cover and mobile phone insurance after he was offered mobile insurance at £5 a month.

He found £5 a month would buy him, a 36-year-old male non-smoker, £50,000 in cover but discovered the process of getting on risk generated 97 pages against just 12 pages for mobile cover.

King believes this is resulting in people having phone cover but no life cover.

He says: “Life insurance has never been cheaper. Prices are falling but people are not buying it as much as they should because of the process. For critical illness and income protection, the underwriting is more stringent, so even more paper is likely to be generated. We need to make the process easier. This is not good for the environment and is hopeless for the consumer.”


Exit routes

It is no secret that I have been a bear on comm-ercial property for the last few years. It could be argued that I was completely wrong. Commercial property has continued to make good returns over the last three or four years although I might point out that so have the equity markets. I note […]

Measure for measure

Promoting the value of bespoke advice should be a collaborative effort between brokers and insurers, says PruHealth sales director Dave Priestley.

Old Kent road to India

Annie Shaw takes passage to India to look at Kent Reliance Building Society’s unconventional but successful outsourced call centre in Bangalore.

Tech IPOs: The outlook in 2017

Ali Unwin, CTO & Fund Manager, Neptune 2016 was a weak year for technology IPOs – only 13 US venture-backed tech IPOs hit the market, in spite of fairly high public market valuations and investor appetite. Will 2017 be different, asks Neptune CTO & Fund manager Ali Unwin. Click here for article Important Information Investment risks Neptune […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm