Royal London signs up to Protection Distributors Group's 'Funeral Payment Pledge'

clock
Royal London signs up to Protection Distributors Group's 'Funeral Payment Pledge'

Royal London has confirmed to COVER that the insurer will advance up to £10,000 to bereaved families under the Protection Distributor's Group (PDG) Funeral Pledge.

The PDG has been campaigning for insurers to do more to help bereaved families who may have to wait for claims to be paid due to probate delays. AIG and LV= signed up to the pledge earlier this year and Zurich confirmed its support this week. 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 made, up to £5,000. D...

To continue reading this article...

Join Cover

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around Covid-19, regulation, diversity and mental health.
  • 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 Adviser / Broking

In Review: The first half of 2022 in protection

In Review: The first half of 2022 in protection

"Let’s hope to see some examples of real innovation from the industry in the second half of the year"

John Brazier
clock 01 August 2022 • 4 min read
How protection networks adapted in the face of global crises

How protection networks adapted in the face of global crises

From pandemics to economic turmoil

Christopher Marchant
clock 28 July 2022 • 7 min read
Dean Furman celebrates winning the MTN 8 trophy with SuperSport United in South Africa. Image credit: Steve Haag

Meet the firm turning professional athletes into protection advisers

"You're only ever as good as your last game, but your next game could be your last"

Hemma Visavadia
clock 25 July 2022 • 5 min read