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Goodfellows – IncomeInsurance

Type: Accident, sickness and unemployment cover

Maximum benefit: £1,000 or 50% of gross monthly income

Benefit payment term: 12 months

Deferred period: 30 days

Premium: £3.50 per £100 for unemployment cover, £3.50 per £100 for disability cover, £5.50 per £100 for unemployment and disability cover

Commission: Initial 20%

Tel: 0870 2403946


&#39Efficient admin systems could save life offices £1.5bn a year&#39

Life offices could save up to £1.5bn each year if they adopted more efficient administration and back-office systems, says software provider Marlborough Stirling. An analysis by the company of the FSA&#39s 2002 returns reveals that life offices are spending more than £30 a year to administer each individual policy on their books, up from£28 in […]

Revenue blocks way for DB victims

The Inland Revenue is using the partial concurrency rule to stop people whose final-salary schemes have closed from making alternative retirement provision. The Revenue has ruled that members of final-salary schemes closed to future accruals fall under partial concurrency regulations because their benefits grow as their salary increases. The Revenue says members will be treated […]

Critical cover payouts hit £200m for Zurich

Zurich is claiming that its Allied Dunbar-branded critical-illness insurance plans have paid out £100m to policyholders in the last three years, doubling the previous eight years&#39 payouts. It says there has now been more than £200m paid out to policyholders, an increase largely due to advances in medical technology and definitions. The firm says claims […]

Standard will not close WP funds

Standard Life has released a formal statement declaring it has no intention of closing its with-profits funds and saying it is considering launching a new range next year. The statement is in response to reports saying it planned to close current with-profits funds. Standard says it is fully committed to with-profits and that in response […]


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