PEARL LIFE INSURANCE Review
Pearl Assurance was originally founded in 1857 & over the next 100 years, the Pearl Insurance evolved to become a popular provider of Uk life insurance & financial services provision with their direct sales agents. The Pearl head office is based in Peterborough.
In 1990, The Pearl was taken over by Australian financial giant AMP, then reportedly the largest takeover of a British financial institution by an overseas organisation. In 2003, Amp Pearl, Amp NPI and Amp London Life were de-merged from AMP to become part of a new UK company called HHG.
In 2004, the HHG board accepted an offer for Pearl, NPI & London Life. In 2005, the 3 companies became part of the newly formed Pearl Group Limited. In 2008 Pearl Group Ltd acquired Resolution which included administration of old plans from various well known insurers such as Britannic Assurance & Royal Sun Alliance. Pearl Group were owned by Sun Capital & TDR. At the end of 2008, Royal London acquired a range of businesses from Pearl that included Scottish Provident.
In 2012 Pearl Insurance was renamed Phoenix Life Assurance Ltd. Phoenix Pearl's primary focus was to no longer seek new business but look after assets in its closed life funds on behalf of its million's of policyholders.
Looking in 2020 to compare old Pearl Life Insurance Group products
PEARL ASSURANCE - PRODUCT REVIEW
Although no longer available for new UK protection business in 2020, you maybe able to amend or adjust your existing Pearl life insurance policy by contacting either Phoenix Life Insurance or a Financial Adviser or Independant Broker.
Designed to cover a repayment mortgage on death as it decreases during the plan term.
PEARL WHOLE OF LIFE INSURANCE COVER
A policy that will always payout whenever death may occur. Premiums maybe reviewable.
Offering family protection if the policy holder dies or is diagnosed with a terminal illness during the term.
PEARL CRITICAL ILLNESS COVER
Helps ease financial worries if you or your children are diagnosed with a critical illness as specified by Pearl Insurance.
INCOME PROTECTION - PHI
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 insurance policy to always payout whenever death may occur perhaps for funeral costs - but only after an initial period.
PEARL 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 also provide a lump sum at the plan end to be used usually toward repayment of an endowment interest mortgage loan.
Review on: Pearl Insurance ~ for more information visit www.phoenixlife.co.uk *