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European Insurance Federation Statement: CEA calls for targeted consumer information, proposes a key information checklist for unit-linked life insurance buyers

( December 10, 2009, 18:40 GMT | Official Statement) -- MLex Summary: The European insurance federation suggested that unit-linked life insurance be marketed to investors with a Key Information Checklist. The 10-point document would highlight the company and product name, how the product works, benefits in terms of risk coverage and payout method, risks related to the funds and investment objectives, premiums, costs, length of contract, a summary of consequences if the customer cancels early, and other information that the seller considers necessary.Brussels, 10 December 2009: The CEA, the European insurance and reinsurance federation, today promoted discussion of the best ways to strengthen consumer confidence in financial products at its first full-day conference dedicated to consumer protection issues....

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