LLOYDS TSB LIFE INSURANCE
One of the UK original big 4 banks, the origins of Lloyds Bank stretch back to 1765 & the origins of TSB go back to 1810. In 1988 they merged five of its businesses with the Abbey Life Insurance Company to create Lloyds Abbey Life. In 1995, Cheltenham & Gloucester (C&G) joined the Lloyds Bank Group which merged with TSB Group to form LloydsTSB Group plc.
In 2008 HBOS was acquired by Lloyds TSB. The combined group became one of the largest financial institutions in the banking industry. In 2013 Lloyds Bank seperated from the TSB brand.
In the past both Lloyds life insurance & Tsb life insurance were sold as their own life insurance products - Black Horse life insurance & Tsb life insurance based from Andover, Hants. In 2000 Scottish Widows became part of the Lloyds Tsb Group. Rather than sell Lloyds life insurance & Tsb Life insurance, Scottish Widows Life Insurance was sold through the Lloyds TSB branch networks.
Looking in 2020 to compare old Lloyds TSB Life Insurance products via Scottish Widows.
LLOYDS TSB LIFE INSURANCE - PRODUCT REVIEW
Designed to cover a repayment mortgage on death or terminal illness as it decreases during the plan term.
WHOLE OF LIFE INSURANCE COVER
A whole of life policy that will always payout whenever death may occur. Premiums maybe reviewable in the future.
LLOYDS TSB - OVER 50'S LIFECOVER
A no medical evidence insurance policy, level or indexed linked, to always payout whenever death may occur perhaps for funeral costs - but only after an initial period.
Offering family protection if the policy holder dies or is diagnosed with a terminal illness during the term.
CRITICAL ILLNESS COVER
Helps ease financial worries if you are diagnosed with a critical illness as specified by Lloyds TSB Insurance via Scottish Widows.
Providing security by way of an income if you are off sick or have an accident or disability.
LLOYDS TSB PPI - ACCIDENT SICKNESS & REDUNDANCY
Protect your mortgage payments & bills if off sick, have an accident or lose your job.
Offering company protection for a key person, loan cover, share protection, an employee dies or is diagnosed with a critical illness.
LLOYDS TSB 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 interest only mortgage loan.
Article on: Lloyds TSB Life Insurance ~ for more information visit www.lloydstsb.co.uk *
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LLOYDS TSB Life Insurance