Old Mutual Wealth will help people meet the escalating cost of funerals by advancing payment of the sum assured up to £10,000 across several products including its Protect range.
Old Mutual Wealth supports the Protection Distributors Group ‘Funeral Pledge' and from 3rd July will pay out in advance on all valid life assurance claims. The insurer's pledge goes beyond the £5,000 payment the PDG, a group consisting of the 10 leading protection adviser firms, has proposed for providers to support bereaved families. Old Mutual Wealth joins other insurers who have signed up to the pledge. Aegon, Royal London, LV= and AIG Life have signed up to the pledge in recent months...
Zurich has launched a 'selfie' app called FaceQuote which estimates how much life cover someone might need.
The official supplement of this year's COVER Excellence Awards is available to read now as an eBook.
Child cover within critical illness plans has assumed a far greater importance in recent years, writes CIExpert's Alan Lakey.
Holloway Friendly has widened its new online underwriting process allowing protection advisers to write both full and short term income protection business in minutes.