Impartial reviews on the latest products and how they can impact consumers.

Aviva Simple Life Insurance

March 2020 Aviva: Term


Aviva has added Simple Life Insurance as a ‘no frills’ alternative to its Life Insurance+ policy. The term insurance plan is available to customers 18-59 at outset, and can run to age 70, and has a minimum term of one year. It is available with level or decreasing cover (using an interest rate between 4% and 15%, chosen at outset) making it ideal for covering most repayment mortgages. Premiums are guaranteed throughout the term and start at £3.50 a month. Terminal illness cover (where death is expected within 12 months) is automatically included. The streamlined online application process allows customers…
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OneFamily Over 50s Life Cover

March 2020 One Family: WL


OneFamily has introduced a number of changes to its Over 50s plan, which now offers: •             A whole of life plan with guaranteed acceptance. •             Guaranteed premiums that cease at age 90. •             Funeral funding is built-in, with an opt-out option. On death the benefit is paid direct to Golden Charter, which adds a £300 contribution to the policy if one of its chosen providers is used. Any balance above the actual funeral cost is returned to the customer’s estate. •             Serious illness cover pays 20% of the sum insured in the event of a serious illness diagnosis, provided the…
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Scottish Widows Protect Personal Protection – critical illness cover

February 2020 Scottish Widows: CI


On its Protect menu protection plan, Scottish Widows has introduced a number of changes to the critical illness element. These include: •             Simplification. There are now 40 (down from 49) conditions covered. However this has been achieved by combining similar definitions. So, 16 previous definitions have been cut to just five, even though cover is now wider, with some conditions such as heart failure, having been added. •             The top ten conditions account for 96.3% of Scottish Widows’ claims, so it has widened some key definitions, concentrating on the two most common claims - for cancer and heart. •             A…
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LV= Critical Illness

February 2020 LV=: CI


LV= has introduced a number of changes to its CI policies. In total, some 87 conditions are covered, although that is not the full story. There are now 49 rather than 44 full payment conditions, although some previous conditions have been combined. The new conditions covered are: •             Brain abscess. •             Brain injury due to trauma, anoxia or hypoxia (the old definition but expanded). •             Crohn’s disease. •             Heart failure. •             Severe mental health. •             Severe sepsis. •             Spinal stroke. •             Syringomyelia or syringobulbia. •             Ulcerative colitis. Also, nine new additional payment conditions have been added: •             Aortic aneurysm. •            …
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Generali - LifeWorks EAP

February 2020 Generali: Other


Generali UK Employee Benefits has enhanced its employee assistance programme (EAP) package in ways it says dispel the industry notion that embedded EAPs within products, such as group risk or health insurance offerings, represent a poor imitation of standalone versions. Now, its group income protection (GIP) customers - and employees – can get 24/7 access to work and life support services at no extra cost from LifeWorks, through a simple app. Generali - LifeWorks Core services now include: More ways to access expert counselling support. Now in addition to telephonic counselling and self-referral for up to six face-to-face sessions per…
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