I think that there is no need for such knee jerk reaction, cashing out before the time period normally entails great losses. I doubt that the normal insurance policies will be affected in anyway. The losers will be those holding the common shares of these two insurance giants. I do believe the British govt will step in to ensure that the insurance policies are secured.
Taking out an insurance policy is quite dangerous these days with the stability of the markets these days, you'll never know which of the giants will fall next.
Hi, How can you say they are dangerous any proofs? My parents have joined prudential. Are you saying they should withdraw their money?
The companies are facing financial issues which is a fact, but I beg to differ on the danger aspect as I feel that for most insurance companies they is bound to be some sort of protection especially the size of these two. The British govt will not let it go down the drain as in Lehman Brothers.....
Yes the British government will surely bail them out if need be, and then these companies will spend that money on giving out bonuses to executives and sending them hunting trips