Insurers - the big savings lie
Article Abstract:
Investment plans from United Kingdom insurers do not always offer good value. Some Maximum Investment Plans were sold by companies that hid the full cost of charges, exaggerated performance, and were misleading on how far policies were appropriate. Investors need to assess the details of plans, and tax advantages may be lost if investors do not save for a minimum period such as seven and a half years. The cost of life insurance may also be a problem and seriously erode the returns from such policies.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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40 billion pounds sterling of life funds going begging
Article Abstract:
Orphan assets, or surplus funds owned by life insurers, are worth between 35 billion pounds sterling and 40 billion pounds in the UK. There is a debate as to ownership of the assets. Insurers are seeking to give some of the funds to shareholders and companies are discussing the issue with the UK Department of Trade and Industry (DTI). A rumor that Prudential was meeting the DTI to discuss this led to a rise in the insurer's share price. Income earned from the assets can help fund higher dividends.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Term insurance is cheaper than ever
Article Abstract:
Premiums for United Kingdom term insurance have fallen due to increased competition and a realisation that Aids deaths are not as high as forecast. Investors do not usually need financial advice to select an insurer, though they should enure the premium does not change for the period of the policy and that premiums are comparable. Prices vary from 4.91 pounds sterling for 50,000 pounds of cover from Equitable Life to 13.50 pounds from AXA Equity and Law.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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