Impartial reviews on the latest products and how they can impact consumers.
July 2010 Rias: WL
Part of the Fortis group, Rias was established in 1992 and is a specialist provider of insurance products for the over 50s age group. This plan is underwritten by sister company Fortis Life UK. The plan provides UK resident customers aged 50-75 with a guaranteed acceptance whole of life plan with no medical questions. Premiums start at £5 a month and are available in £5 multiples up to £50 a month. A male aged 60 would get £5,666 of cover for £25 a month or £11,983 for £50 a month. For a female of the same age the sums insured…
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July 2010 PruHealth: PMI
PruProtect has introduced two new plans—Health Cover and Health Cover Optimiser. Health Cover is effectively a simple PMI add-on from sister company PruHealth to PruProtect’s Serious Illness Cover. By doing this, customers gain a useful 5% discount plus the convenience of one application form and a joined-up approach. Three levels of PMI cover are available on both plans—these are Comprehensive Cover, Primary Cover and Heart and Cancer Cover. In this review however we focus on Health Cover Optimiser. This also looks to combine Serious Illness Cover with PMI but in an even more joined-up way. It allows customers to choose…
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June 2010 IMG Europe: iPMI
IMG Europe has enhanced its flagship product to include: • A 15% introductory discount for all new applicants and a 15% no claims discount and a low claims discount. • Extended annual wellness benefits, including an annual sight and hearing test and routine vaccinations. • Political and security evacuation and repatriation. • Identity theft benefit. • Out of country criminal assault benefit. • Natural disaster evacuation and accommodation. • International access to a medical information service staffed by medically qualified staff. IMG Europe says its premiums are ‘exceptionally competitive’ e.g. a 29 year old man could pay £44.20 a month…
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June 2010 Cuna Mutual Group Europe: WL
Cuna Mutual Group Europe is part of a global group providing financial services to over 10,000 mutual partners worldwide, including eight building societies in the UK. This plan is a simple whole life non-profit plan available to those aged 18-69 who are resident in the UK. Four levels of cover are available—£2,000, £3,000, £4,000 and £6,000—enough to cover most funerals. Premium rates per mille start at £1.00 (ages 18-29) and rise to £6.50 for someone aged 65-69 at outset. Premium rates are guaranteed and children under 18 included free of charge. Unusually, the plan can cover up to 12 family…
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June 2010 Cigna: PMI
Cigna HealthCare UK’s SmarterHealth is a new experience rated medical plan designed for employers with from 150 to 400 employees. The plan is based on a core level of cover with options to flex cover up or down. There are two flex up options: • Four levels (Pearl Plan; Diamond Plan; Oral Health Plus, or Oral Health Optimum) of dental benefit. • Travel insurance for business and leisure travel that includes winter sports cover. • And two flex down options: • Psychiatric cover can be removed. • The stress helpline can be removed. • There is also a choice of…
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