Why your clients aren't buying life insurance... and how you can change their minds

clock

Charlotte Richards looks at the reasons why the protection market is struggling to grow and reveals how advisers can increase client uptake.

Life insurance has been a relatively slow burner among consumers. In its first Retail Conduct Risk Outlook published last year, the FSA said although there is a trend towards longevity among the UK population, the life sector still “faces challenges”. The biggest challenge, according to the regulator, is that consumer perception of some life products has been negatively affected by pension and endowment mis-selling. Despite this, LV= announced last week it had paid out 100% of its life insurance claims in 2011, roughly £28m. Les Conway, director and financial adviser at Essentially...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

FCA intends to 'conduct further work' on ongoing advice

FCA intends to 'conduct further work' on ongoing advice

Regulator looks to review the rules and will engage the sector

Isabel Baxter
clock 13 November 2025 • 2 min read
Advisers urged to track the next gen early and offer 'real work opportunities'

Advisers urged to track the next gen early and offer 'real work opportunities'

‘When you invest early, you don’t just grow skills, you build loyalty’

Isabel Baxter
clock 13 November 2025 • 3 min read
Women in Financial Advice Awards 2025: Winners' gallery

Women in Financial Advice Awards 2025: Winners' gallery

Celebrating women in advice and financial services

Professional Adviser
clock 13 November 2025 • 1 min read