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Paymentshield – FreeFirst

Wednesday, 13 June 2001.

Type: Cafeteria style protection product covering accident, sickness

and unemployment cover, life cover, critical illness cover and

buildings and contents insurance.


Maximum benefit: £1,500 or 65 per cent of salary whichever is


Benefit payment term: 12 months.

Deferred period: 30 or 60 days.

Premium: 30 day deferred period – £3.95 per £100 of cover, 60 day

deferred period – £3.45 per £100 of cover.


Minimum sum assured/premium: Subject to negotiation.

Minimum-maximum term: One year-25 years.

Charges: None.


Minimum premium/cover: Subject to negotiation.

Maximum cover: £250,000.

Illnesses covered: Blindness, deafness, kidney failure, major organ

transplant, multiple sclerosis, coronary artery bypass surgery, cancer,

heart attack, loss of limbs, motor neurone disease, stroke.

Minimum-maximum ages: 18-64.

Charges: None.

Options: None.

Commission: Initial 25 per cent.

Tel: 0870 7594010.



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