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Bulletin 03-2007

LifeSearch journalist competition update

Round up

2 – the number of life insurance rate changes announced since the last bulletin, this time from Norwich Union and Axa
10 – the number of official health events in March, including national No Smoking Day on Wednesday March 14th, and Prostate Cancer Awareness Week from March 19th
13 – the total number of LifeSearch Awards won by life insurance office, Legal & General over the last 4 years, more than any other life insurance provider
31% – the amount of social security spending that goes on people of working age
488 – the number of families who arranged their life insurance and financial protection through LifeSearch last week
£175,000 – the fine imposed on Capital One for PPI sales failures
£26.8bn – the total mortgage lending in January, a record high for the month of January, according to the CML. (And all these people need to think about life cover – level term life insurance, decreasing term assurance and so on).

Journalist competition update

With just over a week to go there have been 5 life insurance rate changes since the first bulletin this year, which means a number of journalists are still in with a chance of winning £100 worth of ASDA vouchers. Watch this space!

March’s competition features cases of wine, white or red, for the best / funniest / most original film title that you think best represents the life insurance and protection industry.  This can be as funny, sarcastic or serious as you like!  We’re thinking Live and Let Die, Carry on Doctor, Death of a Salesman and so on…

Comments of the week

‘This year, every single aspect of what this life insurance provider has done should be the benchmark for others in the life insurance and protection industry.’
Colin Stewart, LifeSearch Adviser, commenting on why he voted for life insurance office Legal and General in this year’s awards.

'I’m very proud to accept these awards because it is a reflection of all the hard work that we have put in to creating better service, better systems, better products and better underwriting. Getting awards is nice, but it’s what they represent that really matters. Knowing that we are delivering what advisers want in every area of our business is really motivating but I also know we can improve what we offer further still, to benefit advisers and their customers.'
Bernie Hickman, Managing Director of Life Insurance and Protection, Legal & General.

Heroes of the week

Friends Provident

Who this week removed all standard exclusions from its Income Protection benefits including the HIV/AIDS and war exclusions on its Individual and Executive Income Protection products.

Legal & General

Who swept the board at our 4th annual life insurance and protection awards yesterday winning in a record 6 categories.

And all the winners from our awards this week, as follows:

Best Life Insuance Service Provider
WINNER: LEGAL & GENERAL

Best Critical Illness Provider
WINNER: BUPA           

Best Income Protection Provider
WINNER: LIVERPOOL VICTORIA

Best Life Insurance Office New Initiative
WINNER:  LEGAL & GENERAL

Best Life Insurance Underwriting Team
WINNER:  LEGAL & GENERAL

Best Individual Impact
WINNER:  Nick Erskine, Mike Farrell, Andrew Milburn, Debbie Smith – ROYAL LIVER

Best E-commerce Life Insurance Provider
WINNER:  FRIENDS PROVIDENT

Best Working Relationship with a Life Insurance Company Press Office
WINNER:  MARK LOCKE, SCOTTISH EQUITABLE

Best Trade Publication for Life Insurance and Protection News and Features
WINNER: COVER MAGAZINE

TCF Award
1st WINNER:  LEGAL & GENERAL
2nd WINNER:  ROYAL LIVER

Most Improved Life Insurance Provider
WINNER:  LEGAL & GENERAL

Best Overall Life Insurance Provider
WINNER:  LEGAL & GENERAL