Protection Distributors Group calls for 'Funeral Payment Pledge' from insurers

clock • 2 min read

The Protection Distributors Group is calling for insurers to do more to help bereaved families who face delays receiving the proceeds of a life policy after their claim has been agreed.

As a minimum, the group is asking insurers to ensure families can pay funeral costs by committing to a ‘Funeral Payment Pledge'; proactively offering families at claim stage to pay the funeral director where no other arrangements have been made, up to £5,000. The Protection Distributors Group was set up in May and consists of ten leading intermediary firms in the UK protection market. Emma Thomson of LifeSearch, who is chairing the group, said: "Some insurers already offer help to families who don't have a Trust or Will in place, but as an industry we need to do much more. "In addi...

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.

Join now

 

Already a Cover member?

Login

More on Whole of Life

How lifetime gifts can undermine taper relief and estate planning

How lifetime gifts can undermine taper relief and estate planning

The hidden IHT trap

Tony Müdd and Charlotte Toogood
clock 25 June 2025 • 5 min read
The race for life: scale vs margin

The race for life: scale vs margin

Protection needs its ‘Monzo moment’

Alain Desmier
clock 28 February 2025 • 4 min read
How to resuscitate the life market

How to resuscitate the life market

Focus on customer outcomes

Rory Yates
clock 19 November 2024 • 4 min read