Impartial reviews on the latest products and how they can impact consumers.
April 2011 Denplan: Dental
Denplan’s new Lucent plan is designed to offer group dental insurance at low premiums. The plan comes in six variants from Lucent 1, which just pays for 100% of NHS dental costs up to £600 a year, up to Lucent 6, which pays up to £2,750 a year. Lucents 2-6 also add benefits for individual private treatments e.g. Lucent 6 pays up to £30 for a normal examination (for comparison, Lucent 2 limits this to £11), up to £63 for scale and polish (£23), up to £73 (£23) for fillings, up to £308 (£138) for crowns, and up to £40…
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April 2011 British Friendly Society: IP
British Friendly may be a new name to most advisers, but has been around since 1902, originally providing sickness benefits to commercial travellers and their families. Now, the company is targeting the adviser market and has introduced a new product to meet their needs. The income protection plan offers an ‘own life’ disability definition and no premium loadings for occupation, gender or smoking. Maximum cover is 70% of gross annual income up to £45,500 a year. Day one cover is available, along with deferred periods of 1, 4, 8, 13, 26 or 52 weeks. Cover can be to age 50-70…
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April 2011 Aetna Global Benefits: iPMI
Aetna Global Benefits (AGB) has updated its International Health Plan and employers can now choose from one of four base plans and then add up to 49 additional benefits. The four plans are Core, IHP Essential, IHP Plus and IHP Elite. This review focuses on the Elite product, which includes (annual limits in GB£ shown): • Denominated in Euros, GB Pounds or US Dollars. • Max cover £1.6m per member per cover period. • Full refund for all main benefits including out-patient treatment. • Accidental damage to teeth. • Outside area of cover A&E treatment. Full refund, including out-patient treatment…
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March 2011 Wiltshire Friendly Society: GIP
Although established as long ago as 1887, Trowbridge based Wiltshire Friendly Society is still largely unknown, at least in intermediary circles. But, that could change, as it has now decided to actively target the intermediary market. Membership is over 6,000 and the mutual organisation specialises in income protection products. In 2009, over 98% of claims received were paid. The Group Income Replacement plan covers from five lives (although, as with many other features, such limits are not set in stone and may be negotiable, especially for good business) and covers up to 75% of income. That can include pension contributions,…
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March 2011 Unum: Menu
Unum’s latest initiative in the group risks market, Unum Select, is an inclusive group risk plan that aims to expand the group risk market. It is available on Standard (traditional employer funded group risk) or Voluntary bases. The plan enables employers to have life, income protection and critical illness cover within one group risk plan. The most significant factor is that the plan can be funded wholly or partly by the employer or by the employee. So, an employer that wants its workforce to have the benefit of group risk cover could set up a plan wholly funded by the…
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