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Liv Vic axes guaranteed rates on stand-alone CI

Liverpool Victoria has announced it is doing away with guaranteed rates on its MIMI stand alone critical illness policies and is striking angioplasty off the list of conditions covered.

The insurer says the changes reflect the claims experience of its reinsurer GE Frankona Re, as well as changing market conditions and improved diagnostic techniques.

While MIMI stand-alone critical illness rates will go, reviewable rates will still be available, as will guaranteed rates on combined life and critical illness cover, however, the maximum term will be reduced to 30 years on this product.

Life of another will be available within the MIMI Flexible Protection Plan from February 16 and guaranteed insurability options increases will be limited to 50 per cent of the sum assured, subject to an overall maximum of £150,000. The minimum MIMI premium will also reduce to £5 a month from £7.

Changes take effect from January 19, however, MIMI applications received between January 1 and February 13 will be provided at old rates and terms if received with the relevant client specific projection dated January 18 or earlier.


Sofa&#39s view

So, the child trust fund details have been announced. At last. I suppose October 28 could be loosely described as falling in the “summer of 2003” (when details were promised).If we forget about the £250 Government payment (£500 in some cases) and the future payment at age seven, we can concentrate on where advisers may […]

EU release implementation of international financial reporting standards information

The Committee of European Securities Regulators has published its recommendation for regulators on how listed companies can manage the communication of the financial impact of transitioning to international accounting standards in 2005. CESR says it considers it essential the transition is carefully monitored by regulators, ensuring every company continues to meet its reporting requirements and […]

New Star spans the galaxy

New Star Investment Funds has established a portfolio management service made up of three Oeic funds of funds and a unit trust acquired last year from Edinburgh Fund Managers. The Galaxy portfolio service is available to investors with at least £25,000 and provides access to New Star performance portfolio, New Star fund of funds portfolio, […]

Graphic content – December; the countries most exposed to a rise in protectionism

President-elect Trump has suggested withdrawing from the North American Free Trade Agreement (NAFTA) and ending negotiations over the Trans-Pacific Partnership (TPP), albeit there is considerable uncertainty over what he will, or even can, do. If one of the main consequences of the election of Donald Trump is US protectionism, it’s worth considering who stands to […]


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