Whole of Life

Critical illness (CI) and life insurance claims payments reached almost £2bn last year, according to figures published by the Association of British Insurers (ABI).

Avelo Exchange has added Engage Mutual's guaranteed 50 plus life cover plan to its service becoming the first to do so in the intermediary market.

Aegon has increased its medical underwriting limits for its life and critical illness (CI) protection proposition.

Assureweb has added a whole of life quotation portal to its service.

Income protection (IP) sales have continued to slide despite an overall rise in the volume of term assurance products sold, according to Swiss Re.

Gay people are taking out higher sums assured for life insurance, according to new research.

Legal & General has raised its medical evidence limits for life and critical illness (CI) cover.

Giant re-insurer Swiss Re will buy 300,000 in-force life policies from American Life Insurance Company (Alico).

Britons are failing to prepare properly for the prospect of death with many failing to secure the fate of their families and money, a report has said.

Insurers must pay life insurance claims in four weeks following the ABI's decision to slash its guidance time for the process.