View more on these topics

NU launches term product

Norwich Union is launching a new term insurance product which combines life, critical illness and terminal illness cover.


NU says its Assured Life plan is one-stop product offering range of options.


The plan, which can be single life or joint life first death, includes critical illness cover on a guaranteed premium basis and accident, sickness and unemployment options. The ASU policy must be taken out with a separate contract.


There is also a mortgage interest option which allows policyholders to increase the cover if they are extending their property, moving house or extending the term of the plan.


There is a waiver of premium available on both the single and joint policies.


The minimum age of eligibility is 19 years-old and the maximum age for the life insured is 70 years-old on joint policies, with no maximum age for the policyholder.


The minimum payment is £10 a month or £100 a year and the minimum term for the policy is 10 years.


Commission is available at 35 per cent initial plus enhancement for the initial period plus 2.5 per cent renewal. All commission can be rebated.

Recommended

Friends Provident International streamlines operations

Friends Provident International is integrating its sales administration, product development and marketing functions to strengthen its presence in overseas markets.It is appointing Adrian Nurse as director, Chris Bridge as head of international business services and administration and Richard Duxbury as head of international sales.It is also appointing Rob Maxwell as manager of international marketing and […]

DSS to give details of compensation for widows &#39misadvised&#39 over Serps

The Department of Social Security says that it will soon be releasing details of how people &#39misadvised&#39 about changes to Serps for widows can claim compensation.Pensions minister Stephen Timms told the House of Commons he did not believe that large numbers of people had been misadvised. But he admitted the DSS leaflets had not been […]

Chancellor expected to ditch MIRAS

Chancellor of the Exchequer Gordon Brown is widely expected to ditch Mortgage Interest Relief at Source in today&#39s Budget.MIRAS offers homebuyers 10 per cent tax relief on the first £30,000 of the loan. The Government is expected to take advantage of the low interest climate to soften the blow.It is estimated that the loss of […]

AITC highlights investment in Ireland

With the approach of St Patrick&#39s Day, the Association of Investment Trust Companies is urging investors to consider placing their money in trusts invested in Ireland.It says that two investment trusts, the First Ireland and Gartmore Irish Smaller Companies have both outperformed the average European size weighted investment trust over the three years.If you had […]

Harris Associates' view on the UK’s vote to leave the EU

By David Herro, Partner, Deputy Chairman, Portfolio Manager and Chief Investment Officer of International Equity at Harris Associates Britain’s vote to exit the European Union has led to significant uncertainty across global markets. We believe market impact of this uncertainty, though severe, is more of a shorter-term phenomenon which will provide an opportunity for long-term […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment