View more on these topics

UnumProvident – Elixia 123

Wednesday, 20 March 2002

Type: Individual critical illness cover

Minimum premium/cover: £10 a month/no minimum

Maximum cover: £2m

Illnesses covered: Category one – Cancer &#45 invasive and life threatening, chronic emphysema, Creutzfeldt Jacob&#39s Disease, heart attack &#45 major, kidney failure, liver failure, major organ transplant, stroke &#45 severe, terminal illness caused by any condition in category two or three. Category two – Disabling Alzheimer&#39s disease, blindness, deafness, HIV infection (in the course of certain occupations such as the medical profession and the emergency services), HIV infection (via blood transfusion), loss of independent existence, loss of limbs, loss of speech, motor neurone disease, multiple sclerosis, paralysis/paraplegia, Parkinson&#39s disease, pre-senile dementia, third degree burns. Category three – Aorta graft surgery, angioplasty, balloon valvuloplasty, benign brain tumour, cancer, coma, coronary artery bypass surgery, heart attack, heart valve replacement or repair, mastectomy, open heart surgery, severe head injury, stroke, total permanent disability before age 60.

Minimum-maximum ages: 18 &#45 70

Charges: Policy fee £4.20 a month

Options: Cover increases on marriage, increase in mortgage or share of business &#45 lower of £50,000 or 50% of original cover. On childbirth or adoption &#45 lower of £25,000 or 25%

Commission: Initial 130% of Lautro, renewal 2.5%

Contact: www.elixia123.co.uk

Recommended

Iain Lumsden

Lives: EdinburghBorn: June 6, 1946.Age: 55.Education and qualifications: Degree in mathematics, Exeter College, Oxford.Career to date: Standard actuarial student 1967-71, assistant actuary 1971-1976, organisation and methods manager 1976-1981, joint actuary 1981-1984, general manger (actuarial) 1984-1990, finance director 1990-1994, group finance director 1994-2001.Career ambition: To be a successful chief executive of Standard.Life ambition: “To exceed my […]

CP121 under threat as EU gets set to rewrite UK financial rules

The European Union is poised to rewrite the rules for UK financial services leaving the Treasury, the FSA and IFAs up in arms.Last week&#39s EU summit in Barcelona said that it would adopt seven key financial directives as soon as possible ahead of the creation of a single financial services market by 2005.The raft of […]

IFAP&#39s hotline draws in £18m

IFA Promotion&#39s website and consumer hotline generated nearly £18m in commission for IFAs last year, according to an analysis by actuarial firm William M Mercer.Its research found a record 263,000 people contacted IFAP last year for details of IFAs in their area, with almost half of callers and 29 per cent of website browsers going […]

ScotProv guide to mortgage protection

Protection specialist Scottish Provident is publishing a free consumer guide on mortgage protection and the best way to protect the different types of loans available on the market.The guide has been produced following a survey commissioned by Scot Prov which found that 27 per cent of borrowers either have no mortgage protection or are unaware […]

IHT: What were you doing in 2009?

One of the best sources of new business is your existing clients and, if they are estate planning clients, regular reviews are needed because people’s inheritance tax (IHT) problems tend to only get worse. Now, not a lot of things remain at the same rate as in 2009. If we turn the clock back, it […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment