View more on these topics

Partners&#39 cover adds to corporate menu

Guardian Employee Benefits is rolling out cover for spouses and partners as part of its Corporate Protection Menu.

The policy provides financial protection to partners in the event of death.

It is available solely through IFAs to married couples, live-in couples and same-sex partners.

GEB commissioned res earch following employee and employer fears about maintaining a household in the event of a death.

Sixty per cent of the 350 people polled had made no financial provision for an unexpected death.

Three-quarters said they would opt for cover if offered by their employer as part of a benefits package.

The cost of the policy depends on age, sex and the sum assured. A male aged 40 would pay a monthly premium of £5.15 for £50,000 cover.

The cost for a woman on a similar policy is £4.42 a month.

Marketing manager Brian Rawle says: "This research shows us that housepartners&#39 contributions are underval ued and the financial implications of a partner&#39s death are enormous."

Recommended

Compulsory provision wouldn&#39t erode IFAs&#39 role

The public are becoming increasingly aware of the reducing role of the welfare state in areas such as pensions and long-term care. However, awareness alone will not lead the public to make higher levels of private provision. The latest estimate is that up to five million working people have not made any pension provision above […]

Granfield targets industry

PR firm Grandfield is entering financial services after hiring two consultants with 40 years&#39 industry experience between them. Fiona Monro and Dudley Howard will be joint managing directors of a new division, Grandfield Financial Services Group. It will offer communications and marketing advice to financial services businesses including institutional fund managers, private bankers and retail […]

How to use wills to protect your clients’ wishes

March was Free Wills Month! Free Wills Month brings together a group of well-respected charities to offer members of the public aged 55 and over the opportunity to have their simple wills written or updated free of charge by using participating solicitors in selected locations around England and Wales. Research by the Law Society* highlighted that only 64 […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment