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Bupa provides flexible protection

Bupa has jumped on the cafeteria-style bandwagon with the introduction of flexible financial protection.

The product is aimed at clients who are looking for a protection policy that allows them to cherry-pick the various options, depending on what they want and what they feel they can afford as their circumstances change.

The options available from flexible financial protection include life cover, which includes term assurance, standalone critical illness cover (CIC), accelerated CIC, income protection and waiver of premium.

Companies already offering cafeteria-style products this year are Friends Provident, Liverpool Victoria and Legal & General. Liverpool Victoria’s Mimi has term assurance, CIC, income protection and mortgage payment protection. Friends Provident’s select protection offers CIC, income protection and term assurance and Legal & General protection choices provides CIC, term assurance and income protection.

Comparing the minimum monthly premiums of Liverpool Victoria’s Mimi and Bupa’s product, Mimi is £7 a month and flexible financial protection is £8 a month for each option.


Personal Finance Education Group launches pupil project

The Personal Finance Education Group is today launching its Excellence and Access project, aimed at raising the level of understanding of financial products among schoolchildren.The project will train teachers in 400 schools to work alongside PFEG advisers in educating pupils on personal finance. PFEG chairman and AITC director general Daniel Godfrey says: “Excellence and Access […]

Hanging on the phone with no help from NU

How right of Beatrice Dixon to refer to the level of service now provided by Norwich Union. A recent investment bond application submitted on August 30 was finally received this week after two previous schedules had been sent with the wrongly spelt surname. A further bond application sent to NU September 3 resulted in the […]

Imla still in deadlock on platform

The Intermediary Mortgage Lenders&#39 Association has failed to break its deadlock over which mortgage trading platform it should join despite two rounds of negotiations. Imla chairman John Heron admitted this week that the association will not be joining either Mortgage Brain or IFonline in the near future after its members again failed to agree on […]

Mortgage site to go live after IFAs&#39 response

Alliance & Leicester is rolling out a mortgage application website after a trial period found 15 per cent of the bank&#39s intermediaries submitted cases through the new system. The system, which can give a credit scored decision in 60 seconds and a one-hour response for referrals, was tested in June and proved successful enough for […]


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