Zurich is the latest provider to sign up to the Protection Distributor Group's (PDG) Funeral Payment Pledge to help protection customers with funeral costs.
Zurich has been providing such advance payments for over 15 years and welcomes the PDG campaign to make these payments common practice across the market. Support available goes beyond the PDG's suggested £5,000, with no monetary limit as long as it is within the sum assured. The PDG has asked insurers to agree to pay up to £5k in advance on all life assurance claims without waiting for probate. As well as funeral costs, advance payments offered by Zurich can also be used to clear any inheritance tax liability or the repayment of outstanding mortgages, loans or credit cards. ...
To continue reading this article...
Join COVER for free
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Members only access to monthly programme 'The COVER Review'
- Be the first to hear about our CPD accredited events and awards programmes.