Whole of Life

Bereavement is bad enough without money troubles. Rachel Clarke explains the complexities of using whole of life policies

Tim Breedon, CEO of Legal & General (L&G), is to retire from the company at the end of 2012, when he will have completed a quarter of a century at the insurer.

The cost of dying rose again last year, according to a new report which suggests loved ones left responsible for making funeral arrangements are unprepared for the burden.

Not only will the needs of each and every client who needs a protection policy differ, but advisers also have to factor in the different underwriting processes of providers...

Aviva paid 92.5% of critical illness (CI) claims during the first six months of the year.

A Swiss Re report examining the accuracy of mortality projection models includes several interesting facts about life expectancy. Here are a few of our favourties from that report (plus a few others from elsewhere).

Mortality projection models are in need of a radical overhaul to ease insurers' funding problems and give them confidence when pricing future retirement income solutions, an influential new report argues.

Critical illness (CI) and life insurance claims payments reached almost £2bn last year, according to figures published by the Association of British Insurers (ABI).

Avelo Exchange has added Engage Mutual's guaranteed 50 plus life cover plan to its service becoming the first to do so in the intermediary market.

Phoenix Group has announced it will allow investors with small whole of life non-profit policies to cash their policies immediately with no penalties.