View more on these topics

Aviva launches high value protection team

Aviva has set up a specialist team to for protection cases with high sums assured and large annual premiums.

The new team will handle cases with life cover of more than £1m, life and critical illness cover of £500,000 and above and annual premiums of £6,000 or more.

As part of the enhanced service, the team will contact advisers within 24 hours of case submission. Aviva is also offering an extra 10 per cent commission for cases submitted online.

Existing medical evidence will be used where possible to ensure a quicker process. Aviva will also offer a mobile doctor service and nurse screenings at a venue of the client’s choice, where an appointment is required.

Financial questionnaires will not be required for cases up to £3m of life cover or £1m of life and critical illness cover. The insurer says in these cases a conversation with a high value underwriter may be sufficient for both personal cover and business protection.

Aviva chief underwriter Robert Morrison says: “We know high value clients have very specific requirements so our new team has been designed with this in mind, to create solutions tailored to their individual needs.

“The team is focused around providing a streamlined service to ensure cover is in place as quickly as possible, while premiums are kept competitive at all times. We understand the time pressures that many advisers face, so we hve listened to them and introduced the new team.”



Borrowers face crunch meeting in tracker rate hike legal battle

Borrowers fighting tracker rate rises by West Bromwich Building Society and the Bank of Ireland are hosting a crucial fundraising meeting in London tomorrow. More than 400 borrowers have signed up to class actions against the lenders but the campaign wants 400 more clients in order to keep fighting. The campaign, led by landlord website […]


David Cameron eyes ‘no coalition’ manifesto pledge

Prime Minister David Cameron could fight the next general election on a promise not to form a second coalition government if the Conservatives fall short of a Commons majority, the Telegraph reports. Cameron is said to be keen to make a commitment in the Tory manifesto not to form a second power-sharing arrangement with a […]


Platforms left in limbo over bulk switches

Platforms have been left in limbo by the FCA as they await final guidance on carrying out bulk conversions to clean share classes, according to Aviva. The regulator published a consultation in October which stated platforms must consider client’s best interests where a bulk conversion to clean share classes takes place. The FCA has yet […]

Canada Life annual IHT survey results

75% of wealthy unaware of new residence nil rate band IHT allowance Just 4% were aware the new allowance will be up to £175,000 per individual Lack of awareness of IHT rules means families risk paying a bigger bill than they need 83% think the current inheritance tax rules are far too complex A remarkable […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment