UNITED FRIENDLY INSURANCE
United Friendly Life Assurance was founded in 1908. United Friendly Insurance was once a major force in the protection market place with their own large salesforce. Due to economic circumstances however, they slowly disappeared as a brand concurrently as the mortgage market moved from endowment to repayment mortgages.
In 1989 the American Express financial planning organisation bought a small UK insurance company, Devonshire Life which then set up Acuma. In 1993 Acuma was sold to the United Friendly group. Acuma Life Insurance changed its name to United Friendly Life Assurance in 1994.
In 1996 United Friendly & Refuge Assurance merged to create the United Assurance Group. Friends Provident briefly marketed their client data base but in the year 2000 Royal London Insurance took over this old company.
The Royal London Group head office is currently based in Wilmslow, Cheshire. Royal London Plus was set up as the part of the Royal London Group to specifically look after old policies taken out via United Friendly, Royal London, Refuge Assurance & Royal Liver. Royal London's new business brands are Bright Grey & Scottish Provident
You can no longer buy United Friendly Life Insurance products but you maybe be able to make certain amendments to them via Royal London.
Looking in 2018 to compare old United Friendly Life Insurance or Royal London Group products
UNITED FRIENDLY ASSURANCE - PRODUCT OVERVIEW
Designed to cover a repayment mortgage on death as it decreases during the plan term.
A whole of life policy that will always payout whenever death may occur. Premiums maybe reviewable in the future.
UNITED FRIENDLY LIFE INSURANCE
Offering family protection if the policy holder dies or is diagnosed with a terminal illness during the term.
CRITICAL ILLNESS COVER - Level Term or Decreasing Cover
Helps ease financial worries if you or your children are diagnosed with a critical illness as specified by United Friendly 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.
BUSINESS PROTECTION - Level Term or Decreasing Cover
Offering company protection for a key person, loan cover, share protection, an employee dies or is diagnosed with a critical illness.
UNITED FRIENDLY ENDOWMENT - 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 interest only mortgage loan.
Article on: United Friendly Life Insurance ~ for more information visit www.royal-london.co.uk *
United Friendly Insurance