Mortgage Industry News

← Back

New life insurance product launched

Date: Tue, 25 Apr 2006

A new life insurance product that qualifies for tax relief has been launched by a leading provider.

Standard Life has introduced a new life insurance product that "takes full advantage" of the tax relief available on payments. The company claim that the policy could offer savings of between eight and 30 per cent when compared to standard life insurance cover products.

The new policy is available as for both personal or mortgage protection and has a built-in option to change into a life assurance plan.

Standard Life also claims that customers do not need to have a pension in order to qualify for the tax-relief savings.

"The launch of Life Insurance with Tax Relief provides a very affordable opportunity for people to review their protection requirements and ensure they are adequately insured," said Trevor Matthews, Standard Life chief executive of life and pensions for UK and Europe.


© 1998-2005 DeHavilland Information Services plc. All rights reserved.

Endsleigh Insurance Services Limited is authorised and regulated by the Financial Services Authority. This can be checked on the FSA Register by visiting its web site at www.fsa.gov.uk/register.
Endsleigh Insurance Services Limited. Company No: 856706 registered in England at Shurdington Road, Cheltenham Spa, Gloucestershire GL51 4UE.