Article on:

   STERLING LIFE LIMITED  Life Insurance  

Compare for Broker Only Deals
         ~ Life Assurance & Critical Illness

 
Sterling Life Insurance > Compare Quotes

On-line >15 secs 

 
Broker help - compare Sterling Life Limited Life Insurance

 Article on: STERLING LIFE LTD  Life Insurance ~ Broker Help 2020


Sterling Life Insurance

STERLING LIFE INSURANCE

Founded in 1994 - Sterling Insurance Group Limited was formed by Nicholas Cooper following the acquisition of Consolidated Insurance Group Ltd by GE Capital. The Company initially specialised in unregulated Term Life, Critical Illness and niche general insurance products.

In 1995, Sterling Life Limited acquired Albion Insurance Company Limited. In 1996, Sterling Life Ltd acquired Edgar Hamilton Group, a Lloyds broker. In 2001, Sterling acquired Crowe Life, previously a Lloyds syndicate, acquired to strengthen and expand Sterling Life's existing life assurance portfolio. 

From 2006 -  Sterling Insurance Group operated across 5 key product lines offering creditor, commercial, household and life insurance together with a range of simple health products. They also offered some specifically designed products some especially for HM Armed Forces members. In 2016 Covea Insurance took over the administration of old Sterling Life Insurance Policies.

 Today, their product range via Covea Life Insurance includes level term assurance, critical illness cover, income asu protection, over 50's lifecover, accidental death & injury style plans. In 2020 this includes protection distribution mainly via Intermediaries. 

 Looking to compare old Sterling Life Assurance plans against other Uk Insurers

 

 

STERLING LIFE INSURANCE - Frequently Asked Broker Questions

Can you make changes to your Sterling life insurance policy ?

In terms of changing your life insurance policy, often you can request some of the following now via Covea:

  • reduce or perhaps extend the period of cover
  • decrease or increase the amount of lifecover
  • remove indexation option or any specific paid for policy features
  • change the collection date of your usual premiums
  • remove a life assured from a joint policy
  • joint life policy separation, allowing a joint policy to be split into 2 new single policies if a couple divorce, split up or say change a joint mortgage into a sole name. 

The changes could be subject to medical underwriting based on your circumstances at the time & may well affect your premiums.

Sterling Life Insurance ( Covea Life )

What if my health or lifestyle changes after I have taken the Sterling Life policy out ?

Life Insurance cover is based on full disclosure at the time you took the policy out ie; being 100% as honest & accurate as possible. So any health or lifestyle changes since usually does not void your existing policy, as it wasn't relevant at that time of initial application. Please check your original T&C's 

How do I make a Death Claim ?

Check firstly if premiums are still being paid or alternatively is the policy perhaps "paid up" meaning no further premiums were needed. 

Then contact the Insurers claims line to inform them. They will provide you with their claim form for completion. You will need to send in a number of documents, most importantly being the death certificate proving the cause of death.

Insurers ( as well as other Providers ) will need the original death certificate, so ideally ask for several certified copies. Enclose your policy document, if you can find it and then send by recorded delivery or registered post to Insurers. 

Once received, the Insurers usually cross check all information before processing and settling a valid claim ie; was the medical & lifestyle information correct at the time of original application

If everything is hopefully in order, the Insurer may pay out a claim & usually in a matter of days or weeks.

Death Claims, Sterling Life Insurance Trusts & Life of Another

Who the life insurance maybe actually then paid out to can be more complicated & many people wrongly assume it is a simple process.

If it is a joint life 1'st death policy or if it single life policy owned by another person " life of another"  then it will just be paid to the survivor. 

However, if it is a single life policy it can be more complex. Check if the policy was setup & written into a trust. If so the Insurer will pay the life insurance via the trustees named to the nominated beneficiaries directly. Sometimes there are a named beneficiary & others times a list of potential beneficiaries. The life insurance paid out doesn’t have to be included in the legal documents sent for probate and potentially it won’t be liable for inheritance tax either.

So should I put my Sterling Life Insurance policy into Trust ?

If the life insurance wasn’t written into trust, it will be paid to the executors of the deceased’s estate. They will handle the administration, known as probate in N Ireland, England, Wales and confirmation in Scotland. If not, the benefits will fall into your estate if you died prematurely. If you have not made a will this can then cause further complications with the life insurance monies.

Until probate is fully granted, no monies can be paid out to those named in the will. On average, this can take upto 6 months. By not placing the plan into trust may also swell up the total estate values, leading to potentially Inheritance Tax IHT issues

So placing a policy in trust can help to ensure that the policy proceeds go to the correct beneficiaries you decide to nominate at that stage & help avoid possible probate delays & IHT costs. Ask the Insurers if they provide any standard trust form wordings & seek legal advice if unsure.

If I started smoking after taking out Sterling Life Insurance - Do I need to now tell Covea Insurance ?

If you had legitimately stopped smoking for over 12 months at that time of original application, you may wish to advise the Insurers you have started smoking again - but this should not affect the original policy terms which should still stand - you were being honest. Also maybe suggest letting your GP know if this is the case. 

Sterling Life Insurance ( Covea Life )

Why are you comparing ~ Sterling Life Insurance Products ?
 

Covea Insurance ( Sterling Life Insurance )

Article on:Sterling Life Insurance ~ for more information visit     www.coveainsurance.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 RANGE OF PROVIDERS
For products with an investment element we will introduce you to an authorised adviser

Sterling Life Limited  Insurance Company Review 2020 

 

Broker advice comparing SterlingInsurance Life Cover



 

 

 

 

 

 

 

 

 

 

Sterling Life Assurance Quotes
Sterling Life Insurance Quotes

Sterling Life Insurance

 

 

 

 

 

 

 

 
 
 
Home
Income Protection
Critical Illness
Life Insurance Quote
Mortgage Protection
Compare Insurer
Compare Deals

 

Linkedin Martyn Spencer Calculate Button 1 Broker Help ~ Life Insurance Cover Quotes Insurance Take Care of YourselfGreat Ormond Street Charity FundraiserUk Life Insurance Quotes 2020

This website is intended for UK consumers & any information contained therein is for Generic Guidance only and is not to be construed as advice. 
For protection we offer products based on a fair and personal analysis

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.

 For products with an investment element we will introduce you to an authorised adviser. We act as introducers for Accident, Sickness and Unemployment and Mortgage Payment Protection Insurance plans. We may also introduce you to other selected professional partners for other protection or legal products as deemed appropriate. Online Dispute Resolution (ODR) - https://webgate.ec.europa.eu/odr/main/index.cfm?event=main.home.chooseLanguage. Financial Ombudsman. https://www.financial-ombudsman.org.uk We nominate to fundraise for Great Ormond Street Hospital Charity.

UK Life Insurance Quotes is a trading style of Martyn Spencer which is an appointed representative of Sesame Ltd which is authorised and regulated by the Financial Conduct Authority FCA. FCA Register No: 416331

Secure Data Protection Here at Uk Life Insurance Quotes we take your privacy seriously. Subject to GDPR rules 2018 - We will only use your personal details provided to help provide & arrange the various products & services you have requested via us as brokers. We are registered to comply with the 2018 General Data Protection Regulation GDPR / Sesame re GDPR / IDD. Personal information is secure online, not misused or sent via spam. T&C:Cookies   
* Note: re any 3'rd Party Website links - 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. 

Uk Life Insurance Quotes 2020
Broker Registered Office: Clyde Cottages Stafford ST20 0BU  

 
www.intergage.co.uk
www.webdesigninhampshire.co.uk