SANTANDER LIFE INSURANCE
Spanish Banking Group Santander is one largest banks in the eurozone. In 2004 they moved into the UK and acquired Abbey National. In 2008, Santander acquired Bradford & Bingley's savings and branch network & also Alliance & Leicester. In 2010 Abbey and the savings business of Bradford & Bingley also became known as Santander.
Due to market conditions in 2006 Abbey National Life Insurance sold their entire operation [ including Scottish Mutual & Scottish Provident ] to Resolution Life now Phoenix Life Insurance, the largest specialist manager of in-force or closed UK life funds.
Santander Group have previously used Royal London but currently use Aviva life insurance for their new protection business.
SANTANDER LIFE INSURANCE - PRODUCT REVIEW
Although some plans maybe no longer available for new protection business, you maybe able to amend or adjust your old Santander life policy in 2019 by contacting either their Customers Services or Independant Broker.
WHOLE LIFE COVER
A whole of life policy that will always payout whenever death may occur. Premiums maybe reviewable in the future.
MORTGAGE PROTECTION - Decreasing Mortgage Protection
Designed to cover a repayment mortgage on death or critical illness as it decreases during the plan term.
SANTANDER LIFE INSURANCE - Level Term 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 Santander via Aviva 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.
SANTANDER ENDOWMENT POLICY - Life or Critical Illness Cover
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: Santander Life Insurance ~ for more visit www.santander.co.uk or 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
Santander Life Insurance