Holloway Life Insurance
Holloway Friendly was founded in 1880 by the originator and inventor of Income Protection Insurance, George Holloway. Holloway life insurance has grown substantially over the years. It remains a mutual society, therefore it has no shareholders and answers only to its member.
Holloway are specialist providers of life Insurance, providing a choice of multiple plans that offer affordable and flexible cover. Holloway’s focus is purely on its members and making protection more accessible to everyone.
“It’s our people that make the difference. They seek to pay claims instead of finding reasons not to – and go beyond the call of duty to make a real difference.”
-Holloway
Types of cover include:
• Purely Income Protection
• One2Protect Income Protection
• Classic Plus Income Protection
Purely Income Protection
An income protection plan that pays an individual an income to cover outgoings should they not be able to work due to illness, accident or injury. Individuals would be covered until they return to work or until their chosen Plan end date which could be up to 70 years old.
One2protect Income Protection
Made to measure protection for low-risk occupations. The new one2protect plan means you can tailor cover to fit your needs.
Classic Plus Income Protection
An income protection plan that pays an individual an income to cover outgoings should they not be able to work due to illness, accident or injury. They would be covered until they return to work or until their chosen Plan end date which could be up to 70 years old. The ‘Plus’ element aims to provide a lump sum pay out at the Plan end date.
Additional Benefits of Holloway:
• Holloway Friendly pays a lump sum benefit equal to 6 times your monthly benefit if you are diagnosed with a terminal illness (given less than 12 months to live). You’ll receive this regardless of whether you’re already making a claim
• Holloway caters to manual workers and others in higher-risk jobs with its Purely Income Protection
• Holloway’s One2Protect product is aimed largely at lower-risk workers, such as those in office-based roles, offering affordable cover
• You can choose to index link your Income Protection. This means your benefit will rise with inflation based on the Retail Prices Index (maximum increase of 10% per year)
• Long-Term and Short-Term Income protection is available through Holloway
• If you regularly participate in any hazardous hobbies or activities, you can choose to exclude an illness or injury you feel may arise from the hazardous hobby. This may help to avoid an increase in the cost of cover. (Not offered by many insurers)
Claims Record:
2020:
98% of claims paid. A total of £3.4 million for Income Protection claims.
2019:
94% of claims paid.
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Losing a loved one is never easy…
but having life insurance in place can ease the financial burden at an emotionally difficult time. Our team of protection specialists can help you find the RIGHT policy at the RIGHT price. We even help you put your policy into TRUST for FREE which could protect it from the TAXMAN. Simply fill out the form and we will get everything ready and start preparing your quotes.
Ask Yourself:
- Who would pay the rent or mortgage if you were to pass away suddenly?
- Who would pay your children’s university fees or provide money for childcare whilst your surviving partner goes out to work?
- Who would provide the money for your family’s food, clothing or lifestyle?
- Who would pay for your funeral or clear your debts?
These are just a few things to think about when obtaining life insurance. If you pass away the policy will pay out a lump sum to your family, loved ones or whomever you choose to get the money. This can be used to secure the financial future of your loved ones meaning they would not have to struggle in the event of your death.
We don’t talk to people like they’re just a number
Our expert advisers help people make informed decisions through expert financial advice.
Get Covered in 3 Easy Steps
1
Tell us how much money you would need to financially protect your loved ones
2
We will call you to discuss your options and provide comprehensive free quotes
3
You decide which policy to take and get protected today with no medicals or forms
We Provide Complete Cover For:
Life Insurance
Make sure your family have financial security in the event of your passing…
Income Protection
Protect your income if you’re unable to work due to illness or injury…
Critical Illness
Get a lump sum payment if you’re diagnosed with a serious illness…
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You can use InsuredLife Rewards in hundreds of retailers across the UK, including all the major high street names. The benefits packages available include Digital Vouchers, Re-loadable Gift Cards, Online Cashback and Online offers.
Get covered today and access your rewards…
Frequently Asked Questions
Whose Products Do We Sell?
- We offer products from a range of insurers for life insurance and critical illness cover.
- We offer protection products from a limited number of insurers for Whole of Life and Over 50s plans. A list of insurers we offer insurance from is available on request.
- As we’re not tied to any ONE provider we are able to search our panel of insurers and find you the best price available to us.
- We sometimes get preferential rates on selling policies which we pass on to you.
- We are paid a commission by each insurer for setting up your policy – it costs you nothing to use our service.
What Service Do We Offer?
- We are authorised by the FCA to advise our client on their protection needs. Our advisers will assess your demands and needs and recommend a suitable product that will protect you and your family. We get to know our clients and help them to decide on the right cover for the right price from a panel of leading UK insurers.
- We will ask you a number of questions designed to make you think about the shortfall in your income in the event of the death of a partner or breadwinner. Our questions are simple and our advisers avoid jargon making it easy for clients to understand.
How Much Does Our Service Cost?
- NOTHING – We do not charge a fee for our service; however, if you take a policy out through us we will be paid by commission from the insurer, but it still costs you nothing.
- You will receive a quotation which will tell you about any policy premiums relating to any particular insurance policy.
- We will put your life insurance policy into TRUST for FREE – this means that it may not be counted as part of your estate when you pass away and could secure it from the taxman – why should you lose your payout to the taxman’s inheritance tax?