WINTERTHUR LIFE INSURANCE
Based in Basingstoke, Winterthur Life UK Ltd was originally founded in 1875 & was part of the Credit Suisse Group from 1997-2006. In 1981 they fully purchased Provident Life. In 2000 Winterthur also purchased Colonial Mutual Insurance Co closed Uk life business book.
Winterthur Life Insurance, reportedly invented the endowment product more than 50 years ago. Once WinterthurLife was a major force in this protection marketplace with Uk brokers but then slowly disappeared from selling protection as they withdrew endowments in 2000 as the mortgage market slowly moved from endowments to repayment mortgages.
In 2006, Axa Life bought the UK life operations of Winterthur. In 2011 old Winterthur Life then became part of newly formed Friends Life who had acquired Axa. Friends Life in 2015 may merge with Aviva subject to approval.
Looking in 2018 to compare old Winterthur Life Insurance Uk products.
WINTERTHUR LIFE INSURANCE - PRODUCT REVIEW
Old Winterthur Life plans may no longer available for new UK protection business; However, you maybe able to amend or adjust your existing insurance policy by contacting either Friends Life or Financial Adviser.
MORTGAGE PROTECTION - Decreasing Mortgage Protection
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.
LIFE INSURANCE - Level Term Insurance
Offering family protection if the policy holder dies or is diagnosed with a terminal illness during the term.
CRITICAL ILLNESS - Level Term or Decreasing Cover
Helps ease financial worries if you are diagnosed with a critical illness as specified by Winterthur Life.
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.
WINTERTHUR LIFE 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.
Review on: Winterthur Life Insurance ~ for more information visit www.friendslife.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.)
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Winterthur Life Insurance