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Zurich sign up to funeral pledge

31st May, 2017

Zurich sign up to funeral pledge

Under the recent Protection Distributor’s Group (PDG) Funeral Pledge, several providers have already confirmed they will offer advance payments of life insurance to bereaved families. The pledge was created to help with costs such as funerals and tax, which families can be burdened with soon after the death of the policyholder.

AIG and LV= have signed up to the pledge earlier in the year, with Royal London also announcing they will advance up to £10,000. Even though Zurich has been providing advance payments to customers for 15 years, they have signed up to the pledge and urged all other providers to do the same. Zurich’s policy is to pay beyond the suggested £5,000 from the pledge, offering instead to pay any amount of the sum assured in advance.

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