Cornhill Insurance traces its origins back to 1905. In 1994 they launched Cornhill Direct. In 2003 Cornhill Insurance changed its name to Allianz Cornhill Insurance plc & then in 2007 to just Allianz.
Once a UK major brand player in the UK general insurance & protection marketplace, by then Cornhill Life Insurance had already closed its sales force division.
They then were just operating via Cornhill Direct only & then finally closed to new protection life business due to changes in the economic marketplace in 2014.
In 2005 the Britannic Resolution Life Group [ now Phoenix Life ] started to become the owner and administrator of closed life funds.
Phoenix then acquired the Life Operations of Allianz Cornhill (Cornhill Assurance) in 2005/7 with an exercise taking place to transfer existing Cornhill policyholders.
CORNHILL LIFE INSURANCE - PRODUCT REVIEW 2020
Although Cornhill Life & Cornhill Direct Life Insurance plans are no longer available for new protection life business, you maybe able to amend or adjust your existing policy in 2020 by contacting either Phoenix Life 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.
Designed to cover a repayment mortgage on death or critical illness as it decreases during the plan term.
CORNHILL 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.
Helps ease financial worries if you are diagnosed with a critical illness as specified by Cornhill Life Assurance.
Providing security by way of an income if you are off sick or have an accident or disability.
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.
CORNHILL 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: Cornhill 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.)
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