Survey: A race for life

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Challenges may vary. Runners may come and go as some fall and others enter the race. However, the group life insurance market is still one of the most cut throat and price competitive in the protection industry, writes Owain Thomas

It’s been a rollercoaster year for the present field of group life providers, with barely a dozen providers operating, but for those people working in large corporations and small to medium enterprises (SMEs) of between 50 and 200 employees, a life insurance plan is commonplace, if not downright expected. There is one audience though, that seems to be being slightly ignored. The one-man band. The genuine small business with less than five staff accounted for over 4.3 million employees in the UK in 2008, according to Department for Business Innovation and Skills figures, and while that...

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