Britannic Assurance traces its origins back to 1866 in Birmingham. In 1999 they purchased Alba Life (previously known as Britannia life). In 2000 Britannic Retirement Solutions, a specialist provider of in-retirement products, was launched. However, Britannic Insurance closed its sales force division (in 2001) & in 2003 closed to new business due to changes in the economic marketplace.
In 2004 the Britannic Group announced a new strategy - to become the owner and administrator of closed life funds. They acquired the Life Operations of Allianz Cornhill (Cornhill) in 2004 and the Century Group Limited (including Century Life) in. An exercise then took place to transfer Cornhill policyholders in 2005 & 2006 then the Resolution Life Group Limited merged with Britannic Group plc to form Resolution plc.
In 2008 Pearl Group Ltd acquired Resolution which included administration of old plans from other various well known insurers such as NPI, Swiss Life & Scottish Mutual. In 2012 Pearl Insurance was renamed Phoenix Life Assurance Ltd with its primary focus to no longer seek new business but look after assets in its closed life funds such as Britannic Assurance on behalf of its million's of policyholders.
Looking in 2014 to compare old Britannic Life Insurance Group products
BRITANNIC INSURANCE - PRODUCT REVIEW
Although no longer available for new UK protection business, you maybe able to amend or adjust your existing Phoenix Britannic Assurance life policy by contacting either Phoenix Life Insurance or a Financial Adviser or Independant Broker.
MORTGAGE PROTECTION - Decreasing Mortgage Protection
Designed to cover a repayment mortgage on death as it decreases during the plan term.
BRITANNIC WHOLE OF LIFE INSURANCE
A policy that will always payout whenever death may occur. Premiums maybe reviewed.
LIFE INSURANCE - Level Term Insurance
Offering family protection if the policy holder dies or is diagnosed with a terminal illness during the term.
CRITICAL ILLNESS COVER - Level Term or Decreasing Cover
Helps ease financial worries if you or your children are diagnosed with a critical illness as specified by Britannic Insurance.
INCOME PROTECTION - PHI 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, 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 insurance policy to always payout whenever death may occur perhaps for funeral costs - but only after an initial period.
BRITANNIC 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 mortgage plan term; Designed to also provide a lump sum at the plan end to be used usually toward repayment of an endowment interest mortgage loan.
Compare old Britannic Life Assurance Cover against other Insurers
Review on: Britannic Assurance ~ for more information visit www.phoenixlife.co.uk *
( * 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.)
FOR PROTECTION PRODUCTS WE USUALLY OFFER FROM A LIMITED PANEL OF PROVIDERS
For products with an investment element we will introduce you to an authorised adviser