View more on these topics

MetLife adds bereavement service to group life product

MetLife has added a free bereavement and probate service to its group life protection product.

Employees who are members of group life scheme and their families will be able to access legal and financial guidance, through a telephone helpline, including help with issues of probate, grants of representation and family disputes following bereavement.

The service also offers 24-hour bereavement telephone counselling.

The launch of these new services follows enhancements to the provider’s group life product, added in March, including the availability of registered and excepted policies. it also increased the maximum ages for cover to 75 from 70.

MetLife UK employee benefits director Stephanie Baillie says: “The MetLife group life policy is not just about paying claims but helping employers help their employees and their families at a time when one of the most traumatic events a family can experience occurs.”

Recommended

Sesame launches risk profiling tool

Sesame Bankhall Group has launched a new risk profiling tool for advisers using Barrie & Hibbert, Oxford Risk and software provider Iress. The tool, Risk Profiler, will use 18 psychometric questions, designed by Oxford Risk and four suitability questions from Sesame to help evaluate risk tolerance. Iress is used to produce tailored client reports, explain […]

5

MPs question why BofE does not want mortgage powers

The Treasury select committee is calling on the Bank of England to justify its view that the bank should not be given the power to restrict mortgage lending during housing booms. The Financial Times reports the TSC is undertaking an inquiry into how the BoE can maintain stability and examine why it has shied away […]

Virgin Money cuts interest-only maximum LTV to 70%

Virgin Money has reduced its maximum loan-to-value for interest-only mortgages from 75 per cent to 70 per cent. The revised policy applies to all decisions in principle generated from May 31. There is no impact on existing customers with interest-only loans. All pipeline applications which have been agreed prior to the new policy will be […]

1

IFA centre calls for passporting firms to face scrutiny

The IFA Centre is calling for advisers to report any instances of consumer detriment resulting from firms passporting into the UK so the adviser lobby group can pass the information to the FSA. Under passporting, advice firms based in EU member states can set up a UK branch but will have to meet UK conduct […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment