Zurich re-prices term assurance and critical illness cover

Mon, 18 Aug 2008

Zurich’s protection proposition has recently undergone a number of changes, which includes re-pricing its term assurance and critical illness cover .

According to the firm, advisers and their clients will find that the changes give them a wider choice and greater flexibility. One of the most significant changes has been to provide different sums assured within the same plan. Consumers will now be able to select critical illness at a lower level than the life cover also offered within the plan. This will enable customers with limited budgets to fully protect their mortgage against the risk of death while keeping some element of critical illness cover, says Zurich .

The firm has also re-priced its term assurance and critical illness cover and in particular its integrated income protection benefit. This benefit can be chosen alongside life cover, life and earlier critical illness cover and standalone critical illness cover. If purchased with either of the critical illness benefits, the cost of the integrated income protection can be up to 30 per cent cheaper than when purchased with life cover.
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