ALBA LIFE INSURANCE
The business of Alba Life, formerly Britannia Life, represents the amalgamation of the business of various different companies, mainly FS Assurance, Crusader Insurance and Life Association of Scotland. Alba Life's origins date back via the Life Association of Scotland Limited to 1838 and via the Foreman and Staff Mutual Benefit Society and Crusader Insurance to the turn of the 20th century. Britannia life closed to new business in 1998 and was acquired by Britannic Assurance in 1999 changing its name to Alba Life.
In 2004 the Britannic Group announced a new strategy - to become the owner and administrator of closed life funds including Alba Life Ltd. In 2006, Resolution Life plc acquired the life businesses of Abbey National plc namely Scottish Provident which was re-named into Phoenix Life.
In 2008 Resolution plc was acquired by the Pearl Insurance Group who own NPI & London Life. In 2009, Pearl Insurance Group became the ultimate holding company of the Pearl group of companies. then changed its name to Phoenix Group Holdings. From 2013 to date Phoenix Life the story is ongoing as they continue to adjust their portfolio of old insurers policies.
ALBA PHOENIX LIFE INSURANCE - PRODUCT REVIEW
Although Alba Life Insurance plans are no longer available for new protection business, you maybe able to amend or adjust your existing policy by contacting either Phoenix or an Independant Broker.
WHOLE OF LIFE INSURANCE COVER
A whole of life policy that will always payout whenever death may occur. Premiums maybe reviewable in the future.
MORTGAGE PROECTION - Decreasing Mortgage Protection
Designed to cover a repayment mortgage on death or critical illness as it decreases during the plan term.
ALBA LIFE 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.
CRITICAL ILLNESS - Level Term or Decreasing Cover
Helps ease financial worries if you are diagnosed with a critical illness as specified by Alba Phoenix Life Insurance.
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.
OVER 50'S LIFECOVER
A no medical evidence policy that always payout whenever death may occur but only after an initial period.
ALBA ENDOWMENT POLICY
Offering protection if the policy holder dies or is diagnosed with a critical or terminal illness during the mortgage plan term; designed to provide a lump sum at the end to be used usually toward repayment of an Endowment interest only mortgage loan.
Article on: Alba Life ~ for more visit www.phoenix.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
Alba Life Insurance