Impartial reviews on the latest products and how they can impact consumers.
January 2022 British Friendly Society: IP
British Friendly has announced a series of changes to its Protect and Breathing Space income protection products. All IP occupations are now underwritten upfront, so customers who change occupation during the term of the policy no longer have to be underwritten again. Customers can now opt for claim benefits to be paid directly to their mortgage provider, so avoiding any impact on Universal Credit means-tested benefits. GP and UK residency criteria has been reduced from three to two years too. Two new Guaranteed Insurability Options have been introduced, and cover rental and salary increases. In fact, the Guaranteed Insurability Options…
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January 2022 WPA: Other
WPA’s new LifeStage Health corporate healthcare product enables employers to facilitate access to expert healthcare to support women throughout the events that happen naturally and predictably during the course of their lives. Raising awareness and knowledge gives personalised insights to increase wellbeing and helps prevent those conditions that are avoidable. It recognises that for some, these different life stages can lead to physical and mental challenges that impact their wellbeing, their families and their careers. The plan recognises three particular life stages in women’s lives: Managing periods and fertility preparation. The reproductive years. Menopause support. Pathway benefits up to an…
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January 2022 Unum: Other
Unum has updated and extended its Corporate Optical Insurance Plan, which now includes: Immediate eligibility to claim for eye tests, lenses and frames paid for after the policy start date. Covering more everyday optical expenses. The freedom to visit any optician and buy frames and lenses from any provider, anywhere. A simple, online claims management portal to speed up reimbursements. A one-off benefit of £10,000 in the event of loss of sight as a result of an accident. Flexible cover on both an employer and employee-funded basis. Solutions to fit companies of all sizes and a range…
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January 2022 WPA: PMI
WPA has launched a new comprehensive health insurance product for corporates with 150-999 employees. The insurer says Absolute Health has been designed for mid-to-large employers that want to offer benefits which help them deliver their corporate healthcare strategy and objectives. It is a fully insured claims rated product that includes profit share optionality, as well as pathways for musculoskeletal, mental health and cancer as standard. Claims on the product can be made via WPA's Health App with access to the insurer's Precision Analytics platform also included. Key elements include: The plan has been designed to be flexible, whilst maintaining a…
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January 2022 MetLife: Other
MetLife has enhanced its EverydayProtect plan, offering flexible protection tailored to suit customers’ changing lifestyles and is particularly suited to self-employed, families and individuals with active lifestyles. EverdayProtect is designed to complement more traditional protection and covers broken bones, hospital stays and unexpected accidents. Cover is affordable and customers can also add additional extras such as Child Cover (which covers children up to age 18 or to 23 if in education, an unpaid traineeship/apprenticeship or with dependency on the policyholder due to mental and/or physical disability) from just £1 a month. MetLife says one of the key enhancements is enabling…
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