Impartial reviews on the latest products and how they can impact consumers.
January 2022 National Friendly: IP
National Friendly has launched a full income protection policy, complementing its recently launched Accident Only Income Protection policy. The insurer says the new plan means a choice for clients seeking income protection, with the accident only version offering no medical underwriting, and appealing to those with pre-existing medical conditions who may not be able to secure full IP cover. The new full policy has a commonsense underwriting approach, National Friendly says, which allows cover for well-controlled Type 2 diabetes, and the opportunity for a slick straight through application process, which it says is unique to the market. The policy includes…
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August 2021 Unisure: Group life
Unisure has set up its UK Group Life division and entered the UK protection market with the launch of a group life insurance product, with the group CEO saying there were substantial opportunities for uptake. The company has also joined trade body GRiD (Group Risk Development). The group life plan has a minimum scheme size of three lives and no maximum, and is available through advisers only. The plan went live on 1 June and is underwritten by Allianz. More information is available by requesting a quote online. Unisure says it can also offer keyperson and shareholder protection cover and…
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August 2021 AIG Life: GCI
AIG Life has unveiled its new group critical illness (CI) insurance proposition, which has consolidated the conditions covered into 27 broader conditions across eight groupings. AIG previously said it had ‘checked out’ of the critical illness conditions race on its individual plans with the introduction of umbrella headings incorporating more than 20 conditions. Now, under the new group CI proposition, there are now eight headings, which focus on specific surgeries or on the impact on daily life for employees, rather than on the name of the illness. The headings are: Degenerative neurological disorder. Reduced heart function. Surgery to the heart,…
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August 2021 The Exeter: IP
The Exeter has launched Income First, a new income protection product combining its existing Income One and Pure Protection products. Income First has been designed to simplify the income protection journey for advisers and customers, offering cover across a wide range of occupations from office-based professionals through to manual workers and skilled trades. In response to feedback from advisers, there is now a level guaranteed premium option across all occupation classes, although age-costed options are still available too. The need for medical evidence at the underwriting stage has been reduced with improved non-medical limits. Now, medical evidence as standard is…
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August 2021 Legal & General: Other
Legal & General (L&G) has launched a package of health and wellbeing benefits available as an optional extra to add to its core protection products. The Umbrella Benefits package can be added to life, critical illness, income protection or rental policies and features a choice of health and wellbeing benefits, including cover for accidental injuries and private medical consultations, plus cover for accidental injuries and private medical consultations. Fracture Cover is an annually renewable contract that encompasses 31 different injuries - 20 different fractures, nine different joint dislocations, Achilles tendon ruptures and knee ligament tears. Multiple claims can be made…
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