5 life insurance stocks you can put your money in

Getting life insurance is a way of securing yourself and your family financially. Even though your loved ones can’t be replaced, life insurance helps in reducing your financial suffering once they’re not around. This has been realised fairly during the pandemic, and in turn has led to a change in how life insurance is perceived by customers while the delivery modes by insurance providers have also been changing.

In 2020, Aviva life insurance plan was owned by approximately 2.17 million people, which made it the top insurance company in the UK. Legal & General and AXA GB held the second and third position, respectively.

Life insurance stocks are relatively stable and thus are a great investment option.

Let’s take a look at 5 UK life insurance stocks which you can buy right now.

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Aviva plc (LON: AV)

UK-based globally operating insurance firm Aviva plc is one of the top life and pensions provider. It is the UK’s largest general insurer, and its core markets also include Canada and Ireland. The market cap of the FTSE100-listed company stood at £16,553.79 million and it has provided a return of 26.33% to its shareholders in the last one year as of 18 January 2022. Aviva plc’s shares closed at GBX 443.30, up by 0.84%, on 18 January 2022.  

Legal & General Group plc (LON: LGEN)

London-headquartered financial services and asset management firm Legal & General Group plc offers a range of products and services across the globe. In addition to life insurance, these include lifetime mortgages, annuities, pensions, and investment management. The market cap of the FTSE100-listed company stood at £18,072.45 million and it has provided a return of 11.00% to its shareholders in the last one year as of 18 January 2022. Legal & General Group plc’s shares closed at GBX 302.70 on 18 January 2022. 

Hansard Global plc (LON: HSD)

Hansard Global plc is a financial services firm that offers savings and investment solutions to independent institutions and financial intermediaries. The market cap of the company stood at £68.92 million, and it has provided a return of 8.54% to its shareholders in the last one year as of 18 January 2022. Hansard Global plc’s shares closed at GBX 50.10 on 18 January 2022. 

© 2022 Kalkine Media®

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Prudential plc (LON: PRU)

Prudential plc is a UK-based insurance firm which operates across the globe and provides working people and professionals with loans. The market cap of the FTSE100-listed company stood at £35,552.31 million and it has provided a return of -8.90% to its shareholders in the last one year as of 18 January 2022. Prudential plc’s shares closed at GBX 1,294.50 on 18 January 2022. 

Phoenix Group Holdings plc (LON: PHNX)

London-headquartered Phoenix Group Holdings plc holds a position among the largest life insurance businesses across the UK. The market cap of the FTSE100-listed company stood at £7,010.75 million and it has provided a return of 1.83% to its shareholders in the last one year as of 18 January 2022. Phoenix Group Holdings plc’s shares closed at GBX 701.40 on 18 January 2022.