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Health insurance news: Unum

Unum Limited, trading as Unum, is a market leading health and protection insurance provider. It has been in the UK for 35 years and has offered income protection for over 150 years. It is owned by US insurance group Unum Provident Corporation and deals only via financial intermediaries.

Unum : Company profile

Recent news

Unum increases limit for small business cover Unum, the disability insurer, has increased the proportion of income that can be covered using its Executive Income Replacement Plan by 5%. The move is in response to the government's introduction of Employment and Support Allowance that has replaced State Incapacity Benefit for new claimants.
Unum offers group income protection to people who have had a serious illness Unum now offers group income protection to employees who have had a serious illness such as cancer, a heart attack or back pain in the past. The insurer has adopted a new medical underwriting method which allows it to offer cover to people who are usually refused it, or only offered partial cover, due to previous health conditions.
Health insurance companies make customer pledge 26 health insurance companies have signed up to the Customer Impact Scheme, an initiative to provide excellent standards of service to purchasers of income protection and critical illness insurance plans. Each insurer has pledged to:Develop and promote products and services that meet the needs of customers Provide customers with clear information and good service when they buy products Provide...
Unum removes last exclusion from individual income protection products Unum has removed the HIV/AIDS exclusion from its range of individual income protection products. The disability insurer now has no standard exclusions on its cover. Linton Penman, head of retail marketing at Unum, says: "Unum may not be alone in dispensing with standard exclusions. But thanks to our innovative new underwriting approach, Unum is the only company to do this, while not imposing...
Unum slams Defaqto's income protection report Leading income protection insurer Unum has criticised Defaqto's recent report on the product An unhappy insurer says the report ignores the hard work insurers have been putting in to improve the product and boost sales. In the report, Income Protection Insurance 2007 – A time for action not words, Defaqto urges insurers to take definite action to innovate and simplify their products to widen the...
Unum income protection package all but eliminates need for GP's report Income protection specialists Unum claims its revolutionary underwriting system could soon mean only one in ten income protection applications will require a GP's report. The insurer asks applicants not to list and detail former illnesses or injuries – standard practice among most providers - but instead to explain how they dealt with them. It says the new “behavioural” method means applications...
Unum launches new underwriting approach Unum has introduced a new underwriting approach to its individual income protection products that focuses on how people deal with illnesses, rather than on what illnesses they have had. The previous method of underwriting is a painful process because the application forms were very long, with lots of personal questions; and if a GP report is requested it could take up to six weeks before you go...
Unum UnumProvident, the UK's leading disability insurer, has shortened its trading name to Unum and introduced a new corporate identity. The move follows the decision of its US parent, UnumProvident Corporation, to change its corporate entity to Unum Group S. Unum Ltd in the UK now uses the trading name Unum . On its individual protection products, the maximum benefit has been increased to...
Stress prevalence highlights need for income protection A new report published by the UK's leading disability insurer, UnumProvident, reveals that mental ill-health costs the economy as much as £10 billion a year. The Mental health and the UK economy report, commissioned by UnumProvident and carried out by analysts Oxford Economics, estimates that over 10 million working days were lost due to stress, depression and anxiety in 2005/06....
Critical illness news : Unum updates definitions UnumProvident has updated its individual critical illness product, Elixia 123, to be in line with the Association of British Insurers' revised Statement of Best Practice. The ABI guidelines – which member companies must adhere to by April 2007 - sets down minimum standards for the medical definition for each of the CI events that they cover. Related linksRead more about critical illness insurance...
Income Protection : UnumProvident extends age limit to 70 UnumProvident is offering individual income protection policies which will cover people until they are 70 years old.Recent anti-age discrimination legislation is likely to result in more people over the age of 60 employed in the workplace and wishing to cover their income through income protection until they retire.Income protection Cover is offered up to age 70 to people in most occupations,...