AIG Life has become the first insurer to meet the Protection Distributors Group's 'Funeral Payment Pledge'.
In September, the group which consists of ten leading intermediary firms in the UK protection market, called for insurers to do more to help bereaved families. AIG has confirmed it has agreed to sign up to the pledge and will announce the details officially early next year. As a minimum, the PDG asked for insurers to ensure families can pay funeral costs by committing to the pledge; proactively offering families at claim stage to pay the funeral director where no other arrangements have been...
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