Eleos launches digital term life insurance in the UK

The offering includes a fully digital application, paying a lump sum in the event of death or terminal illness if diagnosed with less than 12 months to live. Key features include policy terms ranging from five to 20 years, cover amounts from £5,000 to £250,000 and policies starting from £5 per month. Eleos said the product includes "simplified" underwriting based on five application questions, without the need for medical exams. The provider told COVER that these questions include how long customers have been living in the UK; their height and weight; whether they have attended or ...