The addition of AIG Life means a total of eight major UK protection providers are now live on the online service.
Legal & General has launched its ‘funeral payment pledge’ that will see the insurer pay part of a life insurance claim early and advance up to £10,000 to help bereaved families pay towards a funeral.
At least 2.97 million families living in properties across the UK do not have life insurance cover to ensure that their mortgages are paid off should the policy holder pass away, Compare The Market has found.
Canada Life’s individual life and life plus critical illness products will be available to all users of iPipeline’s protection sourcing solution – SolutionBuilder – as well as via the Assureweb portal, with immediate effect.
Britons receiving a death in service benefit from a loved one’s employer aren’t paid enough to pay off an outstanding mortgage, Direct Line Life Insurance has found.
More than half (58%) of men with dependent children have no life insurance, meaning that just over 4.5 million dads are leaving their families in a precarious situation if the unforeseen were to happen.
Farewill already has deals in place with two life insurers, who effectively fund the cost of the will service on behalf of their customers.
The Rewire Routines campaign runs for 21 days, from 4 June to 24 June. Advisers are being challenged to make protection a central part of their client conversations, which includes providing a protection and general insurance quote to every mortgage customer during the campaign period, with the aim of reducing the UK’s protection gap.
Nearly £175m was paid in life and terminal illness claims including 97.3% of term life insurance claims being paid.
Some nine in 10 Brits are in danger of suffering from financial hardship should serious illness strike, with people being more likely to insure their mobile phones (12%) than protect their health, Scottish Widows has found.