Norwich Union is offering free life cover to pipeline customers applying for life insurance with tax relief and mortgage life insurance with tax relief.
The move aims to provide peace of mind for customers and advisers who are confused by the announced changes regarding pension term assurance (PTA) rules in the pre-Budget report. The provider is giving free life cover to all customers who have acceptance terms and to customers who fall outside the time period of its current ‘Protection Promise’, which gives free cover between application and acceptance of a policy for three months. Louise Colley, head of protection marketing at Norwich Union, says: “With this move, Norwich Union is leading the way in offering security for its customers ...
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