LIFE INSURANCE POLICES SKYROCKET DURING PANDEMIC

A local insurance business has witnessed a 20% increase uptake in life insurance applications as a result of the coronavirus pandemic.

Vantage Health and Life, a Belfast based insurance company has experienced a sudden increase in businesses and individuals taking out policies as a result of Covid-19. The business has put the marked increase down to the impact a death or illness of a director, employee or family member could have on their business.

The company has increased its headcount with seven new members of staff appointed and is continuing with this growth to deal with the rise in enquiries. This includes Duncan Campbell who has been appointed as Sales Director to focus on helping grow and develop the team of advisors. Mr Campbell comes from a banking background specialising in mortgages and protection, managing teams within the branches coupled with a wealth of knowledge on specialist lending.

Vantage Health and Life has attributed the pandemic to people turning to thinking about how to increase the financial security of their families, now and in the future. As a result, life insurance has moved to the top of many to-do lists.

Stuart Cranston, Principal at Vantage Health and Life said, ‘The pandemic has been a wake-up call for a lot of people to examine their finances. It’s unfortunate it takes an event like coronavirus to remind us that we’re just one unforeseen event away from needing an insurance policy.

‘Covid has highlighted how important planning for the unexpected really is. Although more people might be more focused on buying life insurance as a result of this situation, we expect that the importance of building in a cushion, whether that is an emergency fund or insurance, will resonate with consumers well beyond what is hopefully a relatively short period of uncertainty.

‘Navigating the pandemic wave with the help of a trusted financial professional can ensure your needs will be covered. People get ill unexpectedly. They have accidents. Things happen and it’s important we are protected’, said Stuart.

The UK’s largest life insurance broker Reassured Ltd have also reported a sizeable increase in demand for life insurance post Covid, especially for policies requiring no medical exam.

Love Belfast
Belfast guide to restaurants, bars, nightclubs, concerts, events, hotels, entertainment, special offers, news, gossip, travel, festivals and culture. http://lovebelfast.co.uk

Leave a Reply

Discover

Latest

MISSING PERSON – Can you help find Edward Howard?

GARDAÍ AT ASHBOURNE are seeking the public’s assistance in tracing the whereabouts of 32-year-old Edward Howard who was last seen on the 21 November,...

The Most Wonderful Time of the Year has begun at W5 

A packed programme of festive fun has begun at W5, as the arrival of Santa signals the start of Christmas celebrations at Northern Ireland’s...

How To Boost Your Sales And Organize Your Staff Better

It is now more important than ever for companies to be able to attract customers. With the increase in competition, it has become even...

Buy Nice Christmas Gifts and Pay Them Later- How It’s Possible?

Christmas is one of the most celebrated holidays. Many people spend the entire year planning on how they’ll celebrate it. However, no matter how...

Seasonal hair loss is affecting many of us. Here’s why it’s happening and how to deal with it

The average human being sheds between 80 to 100 hair strands per day. This occurs because hair follicles go through cycles of growth and...