With the current credit crunch stretching many families finances, Legal & General are advising them to take out suitable insurance protection.
Product marketing director of protection at Legal & General, Bonnie Burns, says: ‘Most families’ finances would unravel if a parent died or became too ill to work.’
She adds: ‘They are risking their futures by not protecting their key asset - their future income.’
With family protection policies such as Critical Illness, Income Protection or Life Cover a monthly income can be provided should something happen to the policyholder.
If you are interested in taking out an insurance policy with How Much Cover please click here.
The insurance company launches new home insurance via Insurecom.
AXA has announced that its ABC and Exclusive household insurance products are now available to customers of the software solutions firm Insurecom.
The software company will host the household products as Full Cycle EDI, which should give brokers a more effective method of managing their household insurance business with AXA.
ABC insurance is a buildings and contents policy created for the average homeowner and offering a number of additional features such as Family Legal Protection and Home Assistance.
Exclusive insurance is aimed at higher value homes and contents customers. It provides all risks cover worldwide and identity theft cover.
According to general manager of Personal Lines Intermediary at AXA, Mike Keating, Insurecom has more than 700 users and the move will broaden the group’s distribution of its two most popular products.
Friends Provident is the latest insurance provider to join Paradigm Mortgage Services’ dual protection panel.
The insurance company’s range of protection products will be available on Paradigm’s preferred whole of market and limited panels.
Products on offer will inlcude level term assurance, home buyer protection and income protection as well as deals providing cash sums, benefits and life cover.
Chief executive of Paradigm, Bob Hunt, says: ‘The addition of Friends Provident to our dual protection panel offers brokers a number of additional services including eSelect, its interactive online system.’
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Legal & General’s Trust which was launched on the 30th April last year has a good first year.
The Dynamic Bond Trust’s approach is based on flexibility and unconstrained investment, and utilises the UCITS III investment powers.
Ben Waterhouse, Legal & General’s sales director, is very pleased with the Trust’s initial year, describing the last 12 months as a turbulent time for fixed income markets.
The sales director added that despite the difficult conditions, Dickie Hodges, the fund’s manager, has both managed risk and generated alpha effectively.
