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97 percent of life cover claims paid out by Scottish Provident

Wednesday, June 9, 2010

Scottish Provident announced this week revealed that it paid out 97 percent of all life cover claims last year and also stated that their life cover rates will be undergoing extensive re-pricing in the second half of this year.

For example, a female, smoker, aged 25, that is on a 25 year policy of a level lump sum of £500,000 would previously have paid £24.87 a month.

As a result of the re-pricing plan, a new customer will make a saving of 17.7 percent as they would only have t ... Read full article

Category: Life Insurance

New over 50s Life Plan launched by RIAS

Tuesday, June 8, 2010

RIAS, the over 50s specialist insurance company has launched a new over 50s life assurance policy this week aimed at providing guaranteed cover with a cash lump sum payable on death. The Over 50s Life Plan offers customers between the ages of 50 and 75, guaranteed acceptance and can help with paying for funerals, a cost that has risen 66% in price over the past seven years to an average of £2733. The policy is underwritten by Fortis Life.

Cover includes:

Three times cash sum pa ... Read full article

Category: Life Insurance
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