ALLIANCE LEICESTER LIFE INSURANCE
Alliance & Leicester was formed in 1985 through a merger of the Alliance Building Society & the Leicester Building Society and became a bank in 1997 when floated on the Stock Exchange. Alliance & Leicester was acquired by the Spanish banking firm Banco Santander Group in 2008.
Alliance Leicester Life Assurance was set up to help provide life insurance for their customers via their branch network in 1980's & 90's. They were tied to Scottish Amicable for Alliance & Leicester endowment sales between 1989 & 1996 before it stopped selling them; This happended as the mortgage market slowly moved from endowment to repayment mortgages.
Alliance & Leicester for Life Assurance purposes then sold protection products provided via Legal & General, Royal London Bright Grey & Pinnacle Insurance. As part of the Santander Group in 2019 - currently they use Aviva life insurance for their new protection business.
ALLIANCE & LEICESTER LIFE INSURANCE - PRODUCT REVIEW
Although some plans maybe no longer available for new protection business, you maybe able to amend or adjust your old Alliance & Leicester life policy in 2019 by contacting either Santander Customers Services or an Independant Broker.
Designed to cover a repayment mortgage on death or optional critical illness as it decreases during the plan term.
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 INSURANCE
Helps ease financial worries if you are diagnosed with a critical illness as now specified by Santander via Aviva Insurance
INCOME SICKPAY PROTECTION - PHI 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.
ALLIANCE & LEICESTER 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: Alliance & Leicester Life Insurance ~ for more visit www.santander.co.uk *
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FOR PROTECTION PRODUCTS WE USUALLY OFFER FROM A LIMITED PANEL OF PROVIDERS
Alliance & Leicester
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By completing one of our no obligation quotation request forms, you may be provided with comparison protection quotes, key facts from leading Providers - based just on the basic information you have provided. Note: These quotes will not take account of any personal, health or lifestyle issues unless a full application is completed. You also consent for us to then kindly contact you by phone - where we may offer Professional Broker help & guidance if needed. We may as appropriate then help to arrange a suitable protection policy based upon your own circumstances & needs after a further review by "advice & recommendation". This will usually be on a non face to face basis.
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