View more on these topics

Helpucover sees boom in protection sales

Helpucover has seen a 69% increase in the rate of sales for its income protection and mortgage payment protection insurance products in the first two months of 2009 compared to the second half of 2008.

Demand has been increasing dramatically for these products with Helpucover experiencing a sales increase of 75% in the second half of 2008 compared to the first half of the year.

Helpucover.co.uk is the consumer offering from Pinnacle Insurance.

The insurer also expects similar figures for the rest of 2009, illustrating the growing demand for protection insurance among UK workers.

This rapidly growing demand for protection products is being driven in part by the onset of recession and the continued uncertainty in the job markets.

The insurer has also seen a growing trend for higher salary protection as the UK‟s middle income families seek the assurance of monetary back-up should the worst happen, with the majority of policies being taken out by those between 25 and 40 years of age.

Barbara Russell, head of marketing for Helpucover.co.uk, says:“The increase in demand for protection insurance demonstrates the growing insecurity amongst the UK population about their jobs. Consumers are responding to the current economic conditions by choosing to protect their income or mortgage payments with our independent products.

“Helpucover.co.uk provides good value protection products. The cover provided by the protection insurance is clearly detailed in the policy document, in addition to wider benefits such as our back to work scheme.”

Recommended

US auction firm to launch into UK

America’s leading real estate auction company is to launch its auction business in the UK market at the end of March.

HIPs are unpopular and often lead to search duplication

As a provider of conveyancing services to the public we speak to hundreds of home buyers and sellers every month and find that sellers consider Home Information Packs to be a nuisance and an unnecessary expense.

NAEA calls for Beckett to suspend HIPs

Following Margaret Beckett’s admission that the government has spent £1.3m on promoting Home Information Packs, Peter Bolton King, chief executive of the National Association of Estate Agents is calling for their elimination.

McCormack appointed MD of Connells Asset Management

Connells has appointed Roland McCormack as managing director of its asset management division.McCormack will take up his role on Thursday, 20 April.He has fifteen years lending experience most recently as managing director of Bristol & West Mortgages and prior to that as managing director of Bank of Ireland Mortgages. David Livesey, group chief executive officer […]

Partied out and penniless

December has left me destitute. My piggy bank lies broken and empty, my lunchtime meal deal feels like an extravagant expense and I’m down to the Bountys in my box of Celebrations. But I won’t mourn my dearly departed pennies. Between buying gifts for loved ones (then deciding to keep them for myself) to treating […]