Term assurance

Looking back over the last 12 months, it is fair to say the UK term assurance market has had a good year. Sales of term assurance policies have continued to grow and this trend looks set to continue in the future. Boom time According to Swiss Re's Term & Health Watch 2003, new sales of individual term assurance rose from 1,571,062 in 2001 to 2,051,682 in 2002 – an increase of 30.6%. It is the eighth successive year that sales have increased in the market; and while figures from 2003 have yet to be collated, further market growth is expected. "The indications are that 2003 was anoth...