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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%



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 […]

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