The Children's Mutual announces a twist on traditional life insurance
on: May 26, 2009, 6:45 am
Child Trust Fund provider, The Children's Mutual, has announced
the launch of a very different Return of Premium Term Life Insurance
Term Insurance products ask people to pay regular insurance premiums
on the understanding that if the person insured dies during the
policy term a payment will be made to the family or executors.
But, if the person insured survives the term neither they nor
the family will receive anything back.
Children's Mutual has teamed up with insurance experts ACE Europe
Life Ltd to offer customers the ACE
Return of Premium Term Life Insurance policy, which gives
families the financial security of up to £100,000 cover
in the event of death, combined with a guarantee that if the worst
doesn't happen all premiums paid will be returned. This ensures
that, as well as peace of mind throughout the term, policy holders
will have something to look forward to at the end of it too.
to be easy and affordable as well as rewarding, the Return of
Premium Term Life Insurance can be applied for online by simply
completing 4 straightforward questions to check eligibility. There
is no medical to pass and the length of term is selected by the
applicant at the time of submission - from 5 to 18 years - to
reflect personal circumstances and requirements.
White, Chief Executive Officer of The Children's Mutual, leading
Child Trust Fund
provider, commented: "We are delighted to announce the launch
of what we believe to be the only product of this kind in the
UK. We have worked closely with ACE to develop a form of Term
Insurance that will offer our customers reassurance and value
throughout as well as giving them an added reward at term end."
new ACE Return of Premium Term Life
Insurance policy has been created to provide a win-win situation
for policy holders - with protection for loved ones should the
worst happen, and money back if it doesn't.
- Peace of mind for the whole family
- Up to £100,000 of cover
- All premiums back if the holder survives the full policy term
- Quick and easy application process
- Variable length of policy - from 5 to 18 years
- Affordable monthly payments
celebrate this innovative new product, a special introductory
incentive is being offered, where policy holders pay just 99p
a month for their first 2 months of cover. Additionally, if the
partner of a policy holder also takes out cover, then they will
pay just 99p a month for the first 2 months as well, plus receive
15% off all their monthly premiums after that.
- ENDS -
Notes to editors
The Children's Mutual - Home of the Child Trust Fund
The Children's Mutual's mission is to help parents, grandparents,
family and friends fulfil their hopes for today's children and
secure their financial futures. The company specialises exclusively
in family-focused finance products, and is currently the choice
of 1 in 4 parents for their child's Child Trust Fund.
Children's Mutual, as an expert in savings for children, made
a significant contribution to the Government's Child Trust Fund
consultation process and is widely recognised by the business
community and press as an industry expert on family finance. This
expertise has led several financial institutions and family-focused
high street retailers to choose The Children's Mutual as their
further media information please contact:
The Children's Mutual
PO Box 2067
01892 775 348