Impartial reviews on the latest products and how they can impact consumers.
November 2017 BGL Group: WL
FiftyLife is BGL Group’s guaranteed over 50s life insurance plan. BGL Group is the owner of life insurance provider Beagle Street and price comparison website comparethemarket.com. The plan offers customers over 50 up to £10,000 of life insurance cover and claims to have lower prices than all other leading brands. Customers can buy policies quickly and easily, with no medical required, via a fully responsive website, or by telephone from UK-based customer service consultants based at the group’s contact centres. FiftyLife is a guaranteed acceptance policy designed to provide a one-off lump sum cash payment on death. Key features include:…
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November 2017 WPA: PMI
WPA’s new group PMI plan targets SMEs with 50 or more employees and uses new technology to offer greater transparency and flexibility. There are three main strands to the proposition: Precision Corporate Healthcare. This element allows the employer to design its own health insurance scheme, knowing how much each element will cost it. A bespoke digital interface allows firms to add, delete or modify individual benefits to create the package and price that suits them. The effect of changing any benefit can be seen immediately rather than requiring a fresh quotation. Precision Analytics. This second element applies once the…
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November 2017 Aviva: IP
Aviva has launched Living Costs Protection as a simplified income protection plan to help customers cover their monthly outgoings - such as mortgage or rent and bills - if they cannot work due to illness or injury. The long term income protection contract (so premiums are not subject to IPT) features: Customers initially choose a fixed benefit of between £500 and £1,500 a month. The maximum claim payment period is 12 months per claim. Deferred periods of 4, 8, 13 and 26 weeks are available. Waiver of premium, with a 13 week deferred period. Back to work benefit is included…
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November 2017 Allianz: iPMI
Allianz Partners new plan, provided in partnership with local health insurance provider KPT and Allianz Global Assistance, offers expat health insurance plans for groups and individuals in Switzerland. Offering a ‘one stop shop’ for expat insurance in Switzerland, the plan is one of the country’s first fully compliant international solutions. The partnership combines local and international expertise in terms of access to medical networks, claims management and helpline services. KPT is one of Switzerland’s most respected and innovative health insurance providers, while Allianz Worldwide Care (AWC) and Allianz Global Assistance are specialist brands of Allianz Worldwide Partners, one of the…
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November 2017 Cirencester Friendly: IP
Cirencester Friendly has re-launched its Income Assured Plus product with new features and a new name after member and adviser feedback. The plan is now slightly renamed Income Assured Enhanced, but still includes such features as day one cover and no loadings for occupation, smoking and hazardous pursuits. The income protection contract is available to new and existing members who will be offered the opportunity to switch onto the new terms. The key enhancements include: An own occupation definition now applies with level benefit throughout the period of claim. Guaranteed premium rates. Cover to age 70. Guaranteed Insurability options. No loadings…
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