Story by: Marc Shoffman, Financial Adviser
Aegon has rolled out its tele-claims service for critical and terminal illness, after a pilot at the end of last year saw the time it took for claims decisions cut by half.
Unum is alerting employers of the need to prepare for the advent of fit notes which will replace the traditional sick note from 6 April 2010.
Friends Provident is launching three new business protection online seminars which will be available to advisers from 22 March.
MetLife has bought Alico, the foreign life insurance arm of AIG.
Legal & General said it paid out £152m in critical illness claims in 2009, representing 93.6 per cent of claims, as it increased the approval level for the fourth successive year.
Fortis Insurance UK said it is to rebrand as Ageas, after parent company Fortis Holding proposed a new name to highlight its move away from banking.
A new guide by Defaqto has revealed that sales of critical illness have not suffered a severe decline despite the drop in mortgage sales.
Scottish Provident paid out nearly £94m to critical illness policy holders during 2009, with 91.3 per cent of all claims that were paid.
The Financial Services Consumer Panel (FSCP) said industry pressure had forced the Financial Services Authority (FSA) to re-publish a consultation on payment protection insurance, delaying fair treatment for consumers.
Life insurance is a promise, a promise that if something terrible happens in your life there will be a financial safety net ready to help pick up the pieces.
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