MetLife to underwrite YuLife group life cover

New partnership

John Brazier
clock • 1 min read

MetLife will take on the underwriting responsibilities for group life insurance policies provided by YuLife.

Under the terms of the new partnership, YuLife will continue to own its customer relationships and propositional offering, while MetLife will be the underlying risk carrier and claims administration provider. YuLife was launched in late 2018 as the "world's first ever lifestyle insurance business", including critical illness, income protection, virtual GP services and employment assistance such as counselling and coaching within its group life insurance proposition. In July this year,YuLife secured over £50 million in fundingto develop new products, increase its UK market penetration ...

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 Group Protection

IPT hits £6.7bn in 24/25

IPT hits £6.7bn in 24/25

IPT and Employer NICs receipts

Cameron Roberts
clock 22 January 2025 • 2 min read
Economic inactivity steady but unemployment rising: ONS

Economic inactivity steady but unemployment rising: ONS

Employment impact on protection and health

Cameron Roberts
clock 21 January 2025 • 2 min read
Mental illness ranks as second most common GIP claim

Mental illness ranks as second most common GIP claim

Early intervention made the most difference

Jaskeet Briah
clock 17 January 2025 • 3 min read