Which life insurers are offering COVID-19 financial help?

As of 27 May

Adam Saville
clock • 12 min read

Some insurers have increased flexibility around premium payments for people struggling financially

The dawn of the coronavirus pandemic brought with it calls for greater flexibility from leading industry members, as policyholders face testing times ahead financially. On 24 March, the Protection Distributors Group (PDG) urged the life insurance industry to "work together" to keep policies alive during coronavirus. In order to help customers who may be considering cancelling their policies at this time, the industry body suggested solutions such as payment holidays without additional underwriting, enhanced career breaks for income protection and waiving premiums in exchange for a sum...

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