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Bradford & Bingley Life Insurance

BRADFORD & BINGLEY LIFE INSURANCE

Bradford & Bingley Building Society was formed in 1964. The black bowler hat was once the famous emblem of Bradford & Bingley on the high street. In 12/2000, the Society demutualised & floated on the London Stock Exchange.

Bradford & Bingley for many years was an independent financial adviser on life assurance, pensions & investments. They also sold their own Bradford & Bingley endowment plans. In the mid 90's like many other Insurers selling endowments, they were reportedly deluged with claims for compensation over the possible misselling of their Bradford and Bingley endowment policies.

Once one of the UK's biggest financial institutions, by 2008 the government announced that the now troubled bank, whose profits were adversely affected by the credit crunch, had been part nationalised. The Spanish bank Grupo Santander then purchased all of Bradford & Bingley's £20 billion savings business.

Spanish Banking Group Santander is one largest banks in the eurozone. In 2004 they moved into the UK and acquired Abbey National. In 2008, Santander also acquired Alliance & Leicester. In 1/2010 Abbey and the savings business of Bradford & Bingley also became known as Santander.

Santander Life Insurance was set up to help provide life insurance for their customers via their branch network. 
 In 2012 Santander for Life Assurance purposes currently products are through 3'rd party providers Royal London Bright GreySun Life Axa Insurance, Sterling Insurance & Aviva CGU.

Santander Life Insurance products includes Life insurance cover, decreasing (mortgage protection), level term assurance, family life insurance , Critical Illness or Income ProtectionAccident Sickness Unemployment.

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Article on: Bradford & Bingley Life Insurance ~ for more information visit www.bradford-bingley.co.uk *
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