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Healthcare 4 Life offers switch on same terms

PMI provider Healthcare 4 Life is offering a deal for corporate clients switching into its four-in-one policies from another provider to keep the same terms they have under their original plan.

This type of business accounts for 50 to 80 per cent of the group PMI market. H4L says it is common for providers to offer the switching option on group plans and it has been under pressure from intermediaries to include it since the plan&#39s launch in May. The advantage to companies switching is they can join H4L without having their policy underwritten again.

H4L&#39s group policy offers the choice of four plans with combinations of inpatient, outpatient, post-hospitalisation and additional benefits such as 24-hour counselling, face-to-face stress counselling, routine eye tests and flexibility to move to a higher benefit plan without further underwriting.

Chief executive Wendy Young says: “The combination of switching terms, no age-related increases and a choice of four plans will place us in a very competitive position with intermediaries.”


Carpetbagging RIP, says pressure group

Carpetbagging is dead, says a leading demutualisation organisation which claims it will no longer throw its weight behind moves to force building societies to convert into banks., a web-based pressure group which helps building society customers seeking windfalls, says it will no longer put members’ conversion resolutions to mutuals and will not support anyone […]

Mercantile discount offers protection incentive

Mercantile Building Society is offering a discounted rate mortgage that has a 1.15 per cent discount until August 1, 2004.The mortgage is available to all borrowers for loans of up to 95 per cent of valuation with a maximum loan of £250,000 and has a current payable rate of 5.74 per cent. If borrowers redeem […]

Product matters

I am often sceptical when an establishedretail asset management house launches new funds. After all, there are so many funds in the marketplace, you do have to question whether there is room for any more. In addition, many of those who launch new funds would do well to concentrate on sharpening up some of their […]

High court says windfalls not counted in pension review

The High Court today decided investors will not have their pensions misselling compensation reduced because they received demutualisation benefits.Law firm Reynolds Porter Chamberlain representing personal indemnity insurer Collegiate and IFA firm Needler says it is disappointed at the outcome of the windfall shares test case.It argued as a matter of common sense losses from pensions […]


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