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MGM Assurance – Mortgage Payment Protection Plan (inserted 7/2/2000)

Type: Accident and sickness cover with optional unemployment cover.

Maximum benefit: £1,5000 a month.

Benefit payment term: Accident and sickness cover for up to 25 years or client is no longer incapacitated. Maximum of 12 months for unemployment insurance.

Deferred period: 13, 26 or 52 weeks for accident and sickness cover and 60 days for unemployment insurance.

Premium: Accident and sickness cover – £10 per month, £100 a year. Full ASU – £15 per month, £150 per year.

Commission: 75% of first year&#39s premium.

Tel: 0845 758 1277


Britannic staff face cuts after Cornhill deal

Britannic Assurance is cutting up to 350 jobs after striking a deal with Cornhill Direct to outsource its home insurance businessand centralising its admin.According to the insurer, general insurance products were not a core part of its product range and the partnership with Cornhill will allow concentration on its life and pensions business.Britannic also says […]

Standard Life Bank – Fixed Rate Bond (inserted 7/2/2000)

Type: Two-year fixed rate bond.Minimum-maximum investment: £1,000-£1,000,000.Interest rates: 7%.Term: Until January 17, 2002.Offer period: Until further notice.Withdrawal penalties: No penalties permitted during term.Tel: 0845 601 2340.

LSE to end 200 years of mutuality

The London Stock Exchange is a step closer to ending nearly 200 years of mutuality.LSE has called a meeting for March 15 when shareholders with voting rights will be asked to approve demutualisation proposals.The plans need to win 75 per cent of the vote to allow dealing in LSE shares to start in May.City estimates […]

Julian Gibbs

Scottish Life International is issuing a fourth tranche of its popular income and growth bonus fund and the terms are good. It pays 11.2 per cent gross annual income or 2.7 per cent gross quarterly income and offers growth investors 35.6 per cent gross over a three-year period. The bond is linked to the FTSE […]

Nigeria cover image - thumbnail

White paper — Nigeria International Insights

Jelf Employee Benefits closely examines healthcare provision and challenges within Nigeria. This will be of particular interest to HR decision makers with employees based in Nigeria, and assesses the environment, risks, facilities and safeguards that are relevant to organisations that are actively deploying expatriate staff in this location.


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