‘Perceptive Underwriting’

Summary

Specialist underwriting team with 20 years experience of underwriting Accident and Health business
2 Underwriters
*Up to £50m aggregate event limit

Product Overview

What is it?

This Term Life Assurance provides a lump sum payment in the event of death arising from illness and/or accident during the term of the policy for the benefit of the insured person’s beneficiaries under a policy purchased by a commercial or specialty group.


Key Benefits

Broad cover available for either ‘Death All Causes’ or ‘Death Natural Causes’.
Lump sum payments based on either a fixed sum insured or a multiple of salary.
High levels of sums insured available: maximum per life limit of up to £2,000,000 and an event aggregate limit of up to £50,000,000.
Global cover for death of an Insured Person anywhere in the world for Policyholders domiciled in the UK.
Simple to buy and administer as no medical underwriting required for sums insured up to £500,000 for most Insured Persons.
Life cover available to Policyholders domiciled in the UK and other agreed Countries.
Nexus working in partnership with every client to design products to their own specification, recognising their market and client’s needs.
Affordable, competitive premiums coupled with comprehensive benefits.
Enhanced benefits at no added cost: employee assistance, redundancy cover, rate guarantee, extended temporary absence from work and Master Trust facility.

Why Term Life?

Generally more affordable, accessible and focused than Whole of Life Insurance, making it a realistic benefit provision for Policyholders.
For the Insured Person: benefits paid under the policy offer financial security and/or family protection in the event of the insured’s death.
For Companies: coverage can be used as part of Key person assurance protection or offering employees a Death in Service benefit, which can help companies deliver a high quality employee benefits package to retain existing and attract new employees.
For Specialty Groups (such as associations, federations, etc.): enables them to offer added value benefits for their members as part of their membership package, which may help attract new members and retain existing members.

Target Market

Specialty Groups and Corporate entities from SME to multi-national corporations available to all members within a group.

This product can be combined with other Nexus A&H products, for example, alongside our Group Personal Accident, Group Business Travel or Group Critical Cancer insurance products, which can help companies deliver a high quality employee benefits package.


Target Sectors

The target sectors for this product include:

Agriculture, Forestry and Fisheries
 
Manufacturing
Construction
 
Other Services
Energy, Oil and Gas and Chemicals
 
Publishing and Broadcasting
Financial, Legal and Professional
 
Retail
Food and Drink
 
Sports and Leisure
Healthcare
 
Transportation
IT, Media and Communications
 
Travel and Tourism

Cover Enhancements

The Accidental Death sum insured can be doubled up where the ‘Death All Causes’ option is purchased in conjunction with Nexus Personal Accident insurance.
Employee Assistance Programme (EAP): For Insured Persons, 24/7 confidential counselling helpline tailored to concerns such as health, relationships, stress, etc. For Insured Entities, 24/7 Legal Advice Line manned by qualified legal advisors providing advice on any commercial or personal matter. Online legal documents repository also available.
Term Life Coverage extended for up to 3 months in the event of Redundancy affecting the Insured Person.
Two year rate guarantee if renewed by us.
Simple to buy and administer as no medical underwriting required for sums insured up to £500,000 for most Insured Persons.
Extended temporary absence from work as standard.
For UK Group Life schemes, provision of a Master Trust, which offers potential savings in terms of cost and time for both clients and intermediaries alike.

Coverage

Coverage is provided through Nexus Underwriting Limited in partnership with AmTrust Life, Syndicate 44 at Lloyd’s who hold an ‘A’ (Excellent) A.M. Best rating and benefit from a Lloyd’s A+ rating from Standard and Poor’s.



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CONTACT

“ We offer the best A&H coverage with cost-effective premiums. Our philosophy is to provide innovative and hassle-free solutions giving our clients total peace of mind. ”

REGIONAL COVERAGE

WORKING WITH UNDERWRITING PARTNERS

‘Perceptive Underwriting’