Investment - Articles - Zurich extends investment-linked protection option

 Zurich is extending the age limit of its investment-linked protection product, Investment Life Cover, for customers up to their 70th birthday.

 This follows the recent Budget announcement, which will see more people remaining invested for longer, and requiring protection options.

 Investment Life Cover, available only on the provider's platform, was launched earlier this year for advisers’ customers who are looking for a simple protection solution for their investments. The product requires no underwriting or medical evidence and Zurich is the only UK provider to offer this kind of simple, investment-linked insurance policy on a platform.

 The cover is based over five years and protects policyholder’s platform investments so that in the event of their death, Zurich will pay their estate the difference between the original investment (less any withdrawals) and the value at point of death.

 Mark Peters, Head of Retail Wealth Propositions said:

 “This latest solution extends our Investment Life Cover to even more customers, allowing those up to the age of 70 to take out the five-year plan. It is part of our commitment to roll-out a suite of simple and easy to understand investment-linked to protection solutions.”