Ground breaking new club will make life assurance accessible and affordable to millions.
6th June 2017
There is a number of reasons for a person to be rejected or told to pay a loaded premium for their life insurance policy. As people readily apply for insurance to protect their loved ones, they are all too frequently left shocked by the fact that they have to provide medical records, complete complex paperwork and declare family history. Furthermore, there’s the chance of premiums being increased due to these factors, or worst yet, being denied cover all together.
Life insurance is purchased to protect a family should the worst happen. The insurance policy is often to help towards repayment of a mortgage in the event of death and also possibly to leave a little money behind for the family. But, when cover is refused or becomes too expensive each month, what options are available?
With the formation of the Assured benefits Club there is now an option available to those who have been refused life assurance, have been quoted higher premiums because of health or family history or who simply find the process too intimidating and complicated. The Assured Benefits Club offers guaranteed life assurance up to £100,000 regardless of health or family history. Assured Benefits Club has partnered with the BHSF, a not-for-profit company who specialise in employee benefits and who were founded some 143 years ago.
Is it as simple as ABC?
The concept behind the Assured Benefits Club is that everybody should be entitled to life insurance, without complex forms to complete or any medical history being conducted.
The Assured Benefits Club membership comes with either £50,000 or £100,000 worth of cover. The membership also provides rewards packages which enable people to save money with high street brands, like Thomas Cook, Argos, Tesco and Asda.
Joining the club takes just a few minutes online and cover is guaranteed immediately. There are no medical records required and as long as the insurance isn’t claimed within two years on a pre-existing condition then the insurance will cover any existing medical issues.
Bill Thomson, Managing Director at Assured Benefits Club, said “There are too many people struggling to get life insurance cover, but this doesn’t have to be the case. Everybody should be able to obtain affordable life insurance regardless of their medical history or hereditary diseases and without the need to complete excruciatingly difficult forms.”
Mr Thomson stated “At Assured Benefits Club we have ensured the process to apply for life insurance is straight forward and without the need for medical records or complicated forms. Everybody up to age 60 is guaranteed life insurance and our rewards package means that members can easily save more than the monthly membership fee making it very affordable”