ABBEY LIFE ASSURANCE Abbey Life Assurance Company Limited was founded in 1961 in London, then relocated to its head office Bournemouth in 1976. Rapid growth continued in the 1980's & in late 1988 a merger was agreed whereby Lloyds Bank became the major shareholder, and in 1996 the company became a wholly owned subsidiary of Lloyds TSB Group. Abbey Life Insurance had purchased Target Life & Hill Samuel Life. However, in 2000 Lloyds Abbey Life closed to new business and their direct salesforce was sold to Allied Dunbar part of the Zurich group. The Financial Services Authority reportedly fined Abbey Life Insurance in 2002 for mortgage endowment mis-selling & related deficiencies in its systems and functions. Abbey Life was never been fully integrated into Scottish Widows, Lloyds TSB life assurance company, and operated largely as a stand-alone entity. In late 2007, Deutsche Bank announced that it completed its acquisition of Abbey Life Assurance Company Ltd for around £1bn from Lloyds TSB Group on behalf of its customers. In 2010 Abbey Life no longer market their products but their plans continue to help meet the needs and circumstances of its existing policyholders only & you can still make certain changes to an existing plan. They recommend that you talk to your financial adviser before making any changes where applicable.   Abbey Life product range included Life cover, endowments, decreasing (mortgage protection) or level term assurance, Life with Critical Illness and Income Protection.   Looking in 2010 to compare old Abbey Life Assurance products against other Uk Insurers. If you are after a new protection policy, reviewing or just comparing your existing protection plans, we would be pleased to help you. > Need a Competitive Life or Critical Illness Insurance Quote ? Article on:Abbey Life Insurance ~ for more information visit www.db.com * ( * Note: You are now leaving the regulated site of Uk Life Insurance Quotes. Neither ourselves, nor Sesame Ltd, is responsible for the accuracy of the information contained within the linked site.)