The Merge – June
Welcome To Your Monthly Newsletter, Powered by Fuse Assurance
We’re celebrating (nearly) new beginnings and (sort of) happy endings here at Fuse HQ this June! We go a little deeper into our Fuse powered Pet Insurance products launching very soon, as well as updating you on our Income Protection products and we say goodbye to Game of Thrones, a series very near and dear to our hearts.
Coming in June: Protect My Pets and Protect My Pockets, Powered by Fuse Assurance!
In last month’s newsletter we talked about how we would be launching Protect My Pets and that both it and Protect My Pockets are now Powered by Fuse Assurance, forming part of the Fuse family.
We’re putting the finishing touches on our brand-new website, which will bring together all three of our brands, because why jump from website to website when we can find all your protection insurance needs in one comprehensive and helpful website! However, while you wait, here’s a little more information on our soon-to-be Powered by Fuse brands and their products:
We’re pretty sure most of you are familiar or have bought a policy with Protect My Pockets, but we’re always striving to improve our products and service, and what better way to do that than to add the over 100+ years of combined insurance experience our partners bring to Fuse Assurance? Paying out up to 70% of your regular monthly income when ill or injured, we’ve got you covered, giving you peace of mind while recovering and returning to work.
Protect My Pets is newly launched by Fuse Assurance and we’re starting off strong. By using our previous experience and building strong friendships with our new pet insurance partners, we hope to deliver only the best policies for your four-legged friends. Our pets are important members of our family, so why not give them the same protection you’d give your partner or children? With specialised cat and dog insurance policies, as well as multi-pet insurance at massive discount, your pet will always have the right cover, keeping them around for longer.
Refer A Friend Continues
We’ve still got a lot to get done, but that doesn’t mean we’ve forgotten about you, our lovely customers, as our Refer A Friend offer has been extended into June! Refer a friend now for either Life Insurance or Income Protection and you’ll both receive a £50 gift voucher of your choice! That’ll help you fill your summer wardrobe! Or maybe there’s gadget or game you’ve been waiting on? Just find our “Refer A Friend” forms on the Fuse Assurance and Protect My Pockets homepages to get started (Terms and Conditions apply).
Game of Thrones Ends
After 8 years and 8 incredible seasons, Game of Thrones came to an end that has the fanbase split. We’ve been following this season with our own series of reviews, and you can read our thoughts on the last three episodes; “The Last of the Starks”, “The Bells” and “The Iron Throne” on our blog right now.
FACT OF THE MONTH
According to Statista, 45% of UK households owned a pet in 2018, with 26% owning a dog and 18% owning a cat!
THE NEWS FROM OUR FRIENDS
Aegon are celebrating a fabulous year as a total of £128.6 million was paid in claims across all their protection insurance policies in 2018! They paid on 98% of their life insurance claims, 95% of their terminal illness claims and 93% of their critical illness and income protection claims. Simon Jacobs, Head of Claims and Underwriting, said: “These figures represent people, businesses and families who are going through some of the most difficult times in their lives, and we’re proud to have been able to help them through that.”
Mutual Insurers, or Mutuals, offering Income Protection Insurance, including The Exeter, Holloway Friendly and our friends at British Friendly, paid out on 94% of claims in 2018 according to the Association of Financial Mutuals. The greatest number of claims were made on musculoskeletal problems at 22% followed by accident or injury at 19%. Well done British Friendly, glad to have a Mutual like you on board!
THE NEWS FROM THE INDUSTRY
2018 Industry Figures Released
The Protection Insurance industry paid out more than £5.3 billion in claims in 2018 according to the Association of British Insurers. 99.98% of whole of life insurance claims were paid, with term policies claims coming in at 97.4%. Meanwhile, 91.6% of critical illness claims and 88.1% of income protection claims were paid out.
Smokers Pay More
Its official, smokers pay an average of 54% more for life insurance than non-smokers. A study based on figures from the HSE and MoneySuperMarket found that smokers paid on average £13.82 per month more than non-smokers, totalling £152.76 more per year on a middle-of-the-road premium.
COVER OF THE MONTH
Though not quite available yet, we’re giving the spotlight to Pet Insurance this month!
With Protect My Pets soon to make its debut, Powered by Fuse Assurance, we want everyone to really consider the benefits of covering their precious pets. Would your family be upset if its fluffiest member was to pass away due to an illness or accident? Do you have money put aside for any sudden and sometimes expensive vets’ bills? If not, then pet insurance can keep you pets covered both at home and abroad.