Whole of Life Insurance - UK - June 2016
US $2,576.74 (Excl.Tax)Excl. Tax Buy Now
“The growth experienced in 2015 is an encouraging sign for a market that has been in decline since 2011. With an ageing population and the ever increasing cost of funerals, the guaranteed acceptance market should be well placed to benefit from these concerns. However, insurers will need to continue to innovate and bring new benefits to their policies to ensure the market doesn’t lose out to competing products and remains relevant to its target market.”
– Scott McDonald, Financial Services Analyst
This report looks at the following areas:
With the rising cost of funerals, guaranteed acceptance policies offer peace of mind to the over-50s, allowing them to ensure that when they pass away they will not burden their family with funeral expenses. With the target market set to grow, driven by the ageing population, guaranteed acceptance policies are expected to see a resurgence in sales. At the same time, providers within the underwritten whole of life insurance market are looking at ways of widening the appeal of the product with the addition of long-term care options.
Competition in the guaranteed acceptance market has been increasing in terms of pricing and product developments. Newer entrants such as Royal London and British Seniors have sought to establish a position within the market by offering new benefits, resulting in incumbent providers re-evaluating the products they offer in an effort to remain competitive. Scrutiny from consumer organisations has also prompted providers to look at developing products and additional features to address some of the criticism that has been levelled at the guaranteed acceptance plan market in the past.
This report will give you a complete 360-degree view of your market. Not only is it rooted in robust proprietary and high-quality third-party data, but our industry experts put that data into context and you’ll quickly understand:
What They Want. Why They Want It.
Who’s Winning. How To Stay Ahead.
Size, Segments, Shares And Forecasts: How It All Adds Up.
New Ideas. New Products. New Potential.
Where The White Space Is. How To Make It Yours.
What’s Shaping Demand – Today And Tomorrow.