Ellipse eases life underwriting for SME schemes

clock

Ellipse has improved the way it calculates free cover limits on its group life schemes.

The group risk provider has tweaked its process to ensure only members whose benefits are a long way from the scheme average are underwritten. It said this should minimise the number of members whose benefits require underwriting, with the biggest impact being on small schemes. John Ritchie, chief executive of Ellipse, said: "The changes to automatic acceptance limit will benefit small schemes in particular, reducing the need to underwrite as frequently and making the process easier." The provider is expected to launch its group income protection and absence management programme so...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Term Assurance

Ellipse ties-up bereavement charity deal

Ellipse has agreed a deal with a children's bereavement charity to provide counselling services for all group life claimants.

clock 16 February 2012 •

L&G unveils relevant life plan for individual staff

Legal & General has launched a new relevant life plan to enable employers to provide an individual death in service benefit for an employee.

clock 01 November 2011 •

Aviva targets three day claims payment

Aviva is aiming to settle death claims from group risk customers within three days.

clock 01 September 2011 •