ABBEY LIFE INSURANCE
Abbey Life Assurance Company Limited was founded in 1961 & its head office is in Bournemouth. Rapid growth in the 1980's when a merger was agreed whereby Lloyds Bank became the major shareholder. In 1996 the company became a wholly owned subsidiary of Lloyds TSB Group. Abbey Life Insurance had previously purchased various companies & now administers policies for - Target Life, London & Edinburgh Life, Ambassador Life & Hill Samuel Life.
Abbey Life was never been fully integrated into Lloyds TSB own life assurance company, Scottish Widows but operated largely as a stand-alone business entity.
Previously, Abbey Life operated in all sectors- Investment, Pensions, Insurance & Protection via either brokers or their own direct salesforce. However, in year 2000 Lloyds Abbey Life closed to new business & their direct salesforce was sold to Allied Dunbar part of the Zurich group.
ABBEY LIFE INSURANCE - PRODUCT REVIEW
Although no longer available for new UK protection business, you maybe able to amend or adjust your existing Abbey life policy by contacting either their customer services or via an Independant Broker.
ABBEY LIFE - WHOLE LIFE COVER
A whole of life insurance policy that will always payout whenever death may occur. Premiums maybe reviewable in the future - Abbey Life Covermaster.
MORTGAGE PROTECTION - Decreasing Mortgage Protection
Designed to cover a repayment mortgage on death or optional critical illness as it decreases during the plan term - Abbey Covermaster.
ABBEY LIFE INSURANCE - Level Term Insurance
Offering family protection if the policy holder dies or is diagnosed with a terminal illness during the term. Plan can be guaranteed or reviewable premiums - Abbey Covermaster.
ABBEY LIFE CRITICAL ILLNESS - Level Term or Decreasing Cover
Helps ease financial worries if you are diagnosed with a critical illness as specified by Abbey Life Assurance - Abbey Covermaster.
INCOME PROTECTION - PHI Level or Increasing Cover
Providing security by way of an income if you are off sick or have an accident or disability.
BUSINESS PROTECTION - Level Term or Decreasing Cover
Offering company protection for a key person, loan & share protection or an employee dies, is diagnosed with a critical or terminal illness during the term.
OVER 50'S LIFECOVER
A no medical evidence policy that always payout whenever death may occur but only after an initial period.
ABBEY LIFE ENDOWMENT POLICY - Life or Critical Illness Cover
Offering protection if the policy holder dies or is diagnosed with a critical or terminal illness during the plan term; designed to provide a lump sum at the end to be used usually toward repayment of an Endowment interest only mortgage loan - Abbey Covermaster or Abbey Wealthmaster.
Article on: Abbey Life Assurance ~ for more visit www.abbeylife.co.uk *
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