Impartial reviews on the latest products and how they can impact consumers.
April 2017 Lutine Insurance: Other
Lutine Assurance is the niche and specialist life division of Ryan Direct Group and was established in 1989 as a marketing, administration and service company for a consortium of life syndicates at Lloyd’s. Its new Business Protection product can be used for keyperson, partner/shareholder protection or for business stopgap needs and is based on Lutine’s executive protection policy. Key elements of the package include: Up to £5m lump sum compensation is available for each executive for life and permanent total disability cover, subject to age and residency. Up to £1m of critical illness cover is available. The maximum monthly income protection…
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March 2017 British Friendly Society: IP
Income protection (IP) provider British Friendly has launched a benefits programme called Mutual Benefits to its new and existing customers. The programme comprises four pillars: Mutual Support. This gives customers Health Support points each year which can be used to access a range of services from partner Square Health. Those services include virtual GP consultations, a second opinion on a medical diagnosis, physiotherapy and counselling. Mutual Wellbeing. This provides information and tools to help members improve their health and wellbeing. There is also an app called Lose it!, which helps track activity and diet. Mutual Rewards. This offers high street…
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March 2017 VitalityLife: Other
Wellness Optimiser is a contract with customers that gives them upfront and ongoing discounts in return for meeting health activities. The process starts with the customer undergoing a two yearly health check-up, for which they pay £10 (a heavily discounted rate). This is undertaken through a partnership with Lloyds Pharmacy and other Vitality partners. The customer then gets a Wellness Status, which shows their BMI, cholesterol, blood pressure and blood glucose levels. Engaging in Wellness Optimiser generates an upfront discount on standard office premiums based on their age (whole of life policies, with discounts up to 60%) and the term…
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March 2017 VitalityLife: Other
VitalityLife’s Vitality Nurse is a range of medical screening and nurse services whose sole purpose is to improve the underwriting process. Vitality Nurse offers an instant booking service for medical underwriting requirements with real time results from VitalityLife's bespoke evidence analyser app. This will enable easier and faster medical underwriting, with 80% UK coverage. The market norm typically offers an inefficient system characterised by ongoing delays and missed appointments. Vitality Nurse offers the convenience of medical screening by a clinically qualified nurse in the comfort of the customer’s own home in as little as two hours from the time of…
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March 2017 Ellipse: CI
Ellipse has launched a number of changes to its group critical illness product. In terms of conditions covered: Two new core illnesses have been added. They are: Creutzfeldt-Jakob disease (CJD) and dementia. The latter was originally an additional illness. Seven new additional illness conditions have been added. These are: bacterial meningitis; balloon valvuloplasty; benign spinal cord tumour; cardiac arrest; encephalitis; liver failure, and pulmonary artery graft surgery. Although not a standard benefit, Ellipse will also cover coronary angioplasty if the scheme already has it or it is desired by the employer/adviser. There will be an additional premium loading. The plan…
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