New mums at insurance giant Aviva inspired an idea to offer free life cover for new parents.
The company says the deal, which provides £10,000 worth of cover up until a child's first birthday, will help address a growing protection gap by raising the profile of life insurance in the UK. It also points to in-house research suggesting more than half of UK parents would leave their dependent children with little or no financial protection in the event of death. Aviva says the application process takes just minutes and does not involve the disclosure of bank details. It says it understands £10,000 would be insufficient but expects a number of parents to purchase full life cove...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes