Why Zurich Business Whole of Life?
Zurich Business Whole of Life cover is suitable for certain circumstances that your business customers may want to cover, such as providing life cover for a key individual should they die or be diagnosed with a terminal illness.
We’ve built our Business Whole of Life product in a way that lets your business customers choose the cover they want, and change it when their employee's life changes.
Business Whole of Life cover
Provides cover for the whole of the key individuals life, paying out when they die or are diagnosed with a terminal illness.
Eligibility:
- Minimum premium £8 a month or £80 a year
- Minimum age at entry 18
- Maximum age at entry - single person policy 83
- Maximum age at entry - joint life first event 69
- UK resident
Benefits as standard:
- Free Life cover during underwriting for up to £2,000,000
- Terminal illness
Additional benefits:
(added at extra cost)
- Waiver of premium:
We’ll pay the premiums on the policy if your customer is too ill or injured to work for more than 6 months and they can’t perform their current job. For joint policies, this benefit can be added for either or both lives assured.
Choose the cover that's right for your customer
- Choose cover on a single life or joint life first event basis
- Choice of level or an increasing cover option
- Increasing cover options of a fixed 3% or 5% or linked to RPI
- Monthly or annual premiums
- Guaranteed premiums (unless cover changes or increases)
Flexibility
We’ve built our products in a way that lets your customers choose the level of cover they want, and change it when their life changes. So where we can, we’ve made it possible for you to make changes without having to go through underwriting and asking your customers questions about their health, or changes in their personal circumstances. They can also remove any additional benefits they’ve selected during the life of their policy.
Our contractual change sales aid shows all the changes your customers can make to their policy.
As an adviser you can make any necessary changes to your customer’s Business Whole of Life policy through our online adviser portal.
Milestone benefit
When significant events happen, the milestone benefit can be used to increase the sum assured without any questions about the employee's health.
An increase in the value of the business
Increase in the value of a key individual to the business
The maximum increase that can be made to the benefit amount is the lower of the original sum assured or £200,000.
This benefit must be used within 90 days of the significant event and can only be used if the employee is 54 years old or younger.
If your customer uses the milestone benefit, their premiums will change.
Whole of Life calculator
How much a whole of life policy will be worth based on life expectancy
Useful links
Claims
Visit our claims page for information on how to claim and up to date claims statistics.
Zurich Support Services
An independent team of counsellors, advisers and legal experts are there for your client and their family.
Protection help point
For queries relating to new business applications, including web support queries.
Advice matters
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