Which life insurers are offering COVID-19 financial help?

As of 27 May

Adam Saville
clock • 12 min read

Some insurers have increased flexibility around premium payments for people struggling financially

The dawn of the coronavirus pandemic brought with it calls for greater flexibility from leading industry members, as policyholders face testing times ahead financially. On 24 March, the Protection Distributors Group (PDG) urged the life insurance industry to "work together" to keep policies alive during coronavirus. In order to help customers who may be considering cancelling their policies at this time, the industry body suggested solutions such as payment holidays without additional underwriting, enhanced career breaks for income protection and waiving premiums in exchange for a sum...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Individual Protection

Beagle Street adds protection offering to OneFamily platform

Beagle Street adds protection offering to OneFamily platform

Replatformed by iPipeline

Jaskeet Briah
clock 12 December 2024 • 1 min read
Young adults turning to social media for health information

Young adults turning to social media for health information

Half of adults have self-diagnosed in the last year

Jaskeet Briah
clock 11 December 2024 • 3 min read
The COVER Review: IHT changes, new platforms and acquisitions

The COVER Review: IHT changes, new platforms and acquisitions

Week commencing 02 December 2024

COVER
clock 06 December 2024 • 1 min read