Barclays launch pension term assurance direct to the market
On June 12 Barclays will become the first retail bank to launch an online pension term assurance product direct to consumers, offering one of the best value life insurance deals on the market. Barclays is so confident in its product and price that it will offer ?50 to anyone who purchases cover but had been accepted for cheaper like-for-like cover elsewhere.*
Prices are being driven down partly due to new tax laws introduced in April (A-Day**) which means consumers can purchase life assurance within their annual allowance for pension contributions, giving tax relief of up to 40 per cent on premiums.
Chris Carter,
head of retail life and protection for
Barclays Insurance says: "If you want to cut the cost of an existing life assurance policy or if you think, like many people, you are under-insured, now is definitely the time to review your cover because there are substantial savings to be made by taking advantage of the new tax laws."
For example, a male, non-smoker, aged 35 next birthday and buying ?100,000 of life assurance cover from Tesco would pay ?9.57 a month.
However, if he chose a new pension term assurance from Barclays Insurance, as a basic rate tax payer he would pay just ?8.30 a month, a saving of 13 per cent and as a higher rate tax payer this would be reduced by a further ?1.92 to ?6.38.***
Basic rate tax payers will automatically have the 22 per cent rebated, higher rate tax payers will have to claim back the additional 18 per cent on their self assessment tax returns.
Barclays Insurance Pension Term Assurance product details:
- Gross premium rates are guaranteed throughout the term of the product
- Range of cover available up to ?200,000 (depending on age and circumstance)
- Level cover only (no decreasing option)
- The online process should take no more than 15 minutes and involves answering eight simple questions
Carter continues:
"This offering follows on from our price beating home, travel and motor insurance that we launched in 2005. As well as being amongst some of the cheapest in the market place, consumers also have the reassurance that we have teamed up with one of the leading insurance providers, Standard Life, to provide the product expertise, and with the strength of the Barclays brand, we are confident that consumers will be the real beneficiaries of this offer. Pension Term Assurance offers real opportunities for consumers to make significant savings on their cover, but it is not for everyone."
Barclays Insurance is provided by Standard Life, who will provide the product and technical support as well as dealing with the claims process.
To take out a policy customers should visit Barclays Life Insurance.
Contact Barclays:
Barclays
Barclays Life Insurance
Elizabeth Holloway
0207 116 6229
elizabeth.holloway@barclays.com
Notes to editors:
*
Offer restricted to the first 1000 people
**
Under the new A-Day rules, customers do not need to link the insurance to a pension to qualify fully from the tax relief on payments.
***
Source: company websites, correct as of 5pm, 1 June 2006.
.
e-Glue Software Technologies Hosts Continuing Webinars for Insurance Call Centers
e-Glue Software Technologies, a leading provider of call center productivity solutions, today announced that the company will continue its successful Web seminars for insurance call centers. Hosted by Shay Grinfeld, CEO of e-Glue Software Technologies, these informative, complimentary sessions explore a variety of issues, strategies and techniques for increasing efficiency, profits and value in the call center.On Tuesday, December 14, 2004, e-Glue will present "A Gift for 2005 ? Increase Your Qualified Leads" which examines the challenges that insurance call centers are confronted with on a daily basis. As more potential customers and policyholders use their phones for transactions and information, insurance companies must provide a high-touch experience for the caller that is equal to or exceeding a face-to-face experience.
Yet the vast knowledge base of information that varies from state to state, by customer and product creates an extremely challenging environment even for...
Insurance > e-Glue Software Technologies Hosts Continuing Webinars for Insurance Call Centers
Innovation In Online Jobs Search. Niche Publishers Leading the way
(ContentDesk) March 25, 2006 -- Niche jobs board InsuranceJobsBoard.com the Jobs Portal dedicated to the Insurance and Financial Services sector today announced the launch of its industry specific job search tool bar. This new innovation allows jobs seekers direct access to the site from anywhere in the web and links straight into the search functionality enabling direct and proactive search of the 1000s of vacancies currently advertised.Additionally the toolbar functionality features access to job seeker resources such as google search, live industry news, google & yahoo finance, rss feeds and industry blogs. It's an entirely free download, with no spyware or viruses, does not open pop-ups or hijack
searches, and no personal information is required for installation. User trials conducted via jobseekers and advertisers registered with the site have found it to be a superb tool to assist in their job seeking activities and account management.Commenting on the launch of this new...
Insurance > Innovation In Online Jobs Search. Niche Publishers Leading the way
HSAs Bring Additional Health Care Savings
Now that your paying for you're health care services with your HSA and your money, ask for a discount. One of the major problems with health care in this country today is paperwork and forms. When you are paying with insurance or other type product, your doctor or health care provider must fill out forms. After they fill out the forms and send them in, then they still have to wait 60 to 90 days, and sometimes even longer, to get paid. So of course they will give you a discount of 20% to 30% to get paid when the goods or services are provided.But don't be fooled.
This is their true cost. The forms and the costs for waiting to be paid are built into their higher fees. These costs are passed on to the insurance company, and then to you. Payment right away deserves a discount. Here is an email from Donna of MVP Insurance, giving a recent example.
We hope all agents go the extra mile for their customers like Donna.Healthcare cost will only be reduced by consumer involvement...
HSAs Bring Additional Health Care Savings
Insurance > HSAs Bring Additional Health Care Savings
Health insurance plans
Health Insurance plans vary but dependant on the scope of coverage offered health insurance plans most often pay for part or all of the cost of the following types of services:
Basic services like visits to the a doctor's office; surgery; hospital care; physical therapy; mental health and substance abuse treatment.
Prescription drugs.
Preventive and diagnostic services such as physical exams; immunizations; annual gynecological (well-woman) exams; cancer screening (Pap tests, mammogram's, prostate exams etc); x-rays; laboratory tests and if needed second opinions for surgery.
Wellness programs, for example to help you stop smoking; weight-loss programs; stress-control courses; discounts at fitness facilities; health-related information via the Internet.
Emergency care. Generally speaking, your situation is an emergency if you expect the following to happen if you do not seek care:
You would jeopardize your health or your child's health....
Insurance > Health insurance plans
Booking Your Holiday Online - Made Easier
With the introduction of low cost airlines, and the rapid growth of internet users, booking the perfect holiday has become easier for the inexperienced internet user.
Gone are the days, where the only people surfing the net are techie's - welcome to the internet age, where people of all ages are now using the internet to go about their normal life. "You look forward to your holiday all year and you want to book it easily, and save money," says Darren, a holiday rental specialist who runs, Worldwide Holiday Homes. "If you automatically think ?travel agent,' you're missing out on the internet world. Just ask the thousands of people who reserve villas, apartments and cottages through our companies website.
Booking your holiday online means you can look for the best deals, and search in the comfort of your own home." Darren says the rise of the Internet has made it easier and more convenient to seek out and reserve a holiday home, why stay in an overcrowded hotel, when you...
Booking Your Holiday Online - Made Easier
Insurance > Booking Your Holiday Online - Made Easier
Meadowbrook Insurance Group selects Adeptia to deploy automated integration with business partners
Chicago, IL
September 29th, 2004 ? Adeptia Inc., an innovative provider of business process integration technologies, today announced successful deployment of its business process management (BPM) product at Meadowbrook Insurance Group, a leader of Alternative Risk Solutions.Meadowbrook has selected Adeptia as the technology for its enterprise-wide integration strategy.
Deployment of Adeptia business process integration server allows Meadowbrook to easily and quickly setup automated data exchange with its business partners - without the need to develop and deploy custom data integration interfaces that often require extensive manual data entry."We are impressed by Adeptia's ability to implement complex integrations with external partners in an easy and effective manner.
We are happy about our decision to deploy Adeptia, which is a perfect solution to address our needs.
Adeptia's solution enables reuse of existing interfaces in future integrations and...
Insurance > Meadowbrook Insurance Group selects Adeptia to deploy automated integration with business partners
Do You Need A Financial Planner?
No matter how much money you make, it pays to keep on top of money coming in and going out.
Even if you do a good job of that, there are important times in your life when talking with a professional adviser makes sense.Almost every major life event - finding or losing a job, getting married or divorced, having a baby, buying a home -- is likely to have a major impact on your finances.
A new job may mean you are making more money -- no problem there as long as you know the best way to invest it.
Getting married may mean you have a second income to count on, but now you have someone counting on yours as well.
Buying a house means you have to come up with a hefty sum of cash for a down payment, get used to monthly mortgage payments and meet the expense of house repairs.Let's look at what happens if a baby comes into your financial picture.
First, medical bills need to be paid, so having good medical insurance is important.
Few insurance...
Insurance > Do You Need A Financial Planner?
How Your Swimming Pool Could Get You Sued
Installing a backyard swimming pool can make those hot summers a lot more fun and relaxing, but could it get you into a lot of financial trouble too?
The short answer is: yes.
If you're not properly insured, and someone gets hurt in your pool, you are inviting law suits.
I know what you're thinking: my friends and family are the only ones who use my pool... they're not going to sue me if anything happens.
Guess again.
It's not necessarily that people love to sue or even want to.
They may have to.
With the high costs of medical expenses today, a family that suffers a serious injury (or--god forbid--a death) probably can't afford not to sue.
And if a person was injured at your pool in your backyard, guess who's technically at fault?
If someone gets hurt, don't be surprised by a lawsuit: expect it.
And don't think you can watch the pool every moment to make sure nothing...
Insurance > How Your Swimming Pool Could Get You Sued
Show Your Wild and Crazy Side with Zombie Contact Lenses
Zombie contact lenses are a whole new concept in the contact lens industry. Also known as zombie whiteout or zombie special effect contact lenses, they are perfect for a theme party that calls for something scary or for a Halloween fright night get together. Many people who work in theatre as well as in films utilize zombie contact lenses on a regular basis to change their appearance. Zombie contact lenses make the eyes appear completely white except for the black dot in the middle. Too scary...
Insurance
Insurance > Show Your Wild and Crazy Side with Zombie Contact Lenses
Insurance Barclays launch pension term assurance direct to the market real estate
Litigation Financing
Litigation is a very costly affair. An individual involved in litigation needs good financial backing to work out the case, hire a lawyer, and settle court dues and other small and big expenses. Most people fighting lawsuits may face financial hardships. They may not even go in for a fair settlement. At such a time, the Litigation Financing comes in handy.
Companies offer Litigation Financing to those persons, attorneys or companies awaiting a fair settlement. This is the...
Insurance > Litigation Financing
Now You Can Compare 6 Major Airport Parking Providers On One Website
Now there is no need to trawl lots of different websites to find the latest availability and lowest prices for airport car parking.http://www.best-airport-parking-deals.co.uk now does this for you in a matter of seconds. Not only does this website search 6 of the UK's leading airport car park providers but it can list them in order of price, or car park or provider. It also offers comprehensive information regarding every...
Insurance
Insurance > Now You Can Compare 6 Major Airport Parking Providers On One Website
Insurance
This page loaded in 0.04697 seconds.