Home / Types of Life Insurance Policies / - Bright Grey, Life Insurance Company
Bright Grey is a division of The Royal London Mutual Insurance Society Limited and acts as the groups’ protection (life insurance, income protection, and critical illness) specialist.
As a specialist division within the Royal London Group, Bright Grey focuses purely on protection insurance. Bright Grey channelled their efforts into developing a range of covers that can be mixed and matched to create a protection plan that meets the customers needs exactly.
Royal London was established over 150 years ago as a mutual insurer. This means that they have no “shareholders”, the business is owned by the “members”. The members share in the profits of the business in the form of bonuses paid on with profit policies.
The Royal London Group also includes Scottish Life, Bright Grey and Royal London Asset Management. Royal London took over Refuge Assurance and United Friendly in 2000 and Scottish Life in 2001.
Royal London Group are the UK's largest mutual life and pensions company. The Group has over three million customers and funds under management of £29.5 billion (as at September 2006).
02 June 2008 17:50:46
The government's plans to curb under age smoking are creating a mixed response from those that question the efficacy of their tactics.
A paper entitled 'The Future of Tobacco Control' produced by the Department of Health has been published with the aim of deterring young smokers.
Some campaigners say there is little evidence that the measures proposed by the government will work.
Dawn Primarolo, public health minister, said: "Protecting children from smoking is a government priority and taking away temptation is one way to do this."
Proposals include removing branding and logos from cigarette packets, restricting the display of tobacco in shops, and banning advertising of items such as lighters.
Another idea put forward is to only sell cigarettes in packs of 20 as teenagers, they say, can often only afford packs of ten.
Over 200,000 children under the age of 16 start smoking each year and age is an important factor in determining fatality rates in smokers.
Those that start to smoke before they are 16 are three times more likely to die of cancer than someone who started in their mid-20s.
12 February 2008 15:53:01
Researchers in the US believe they may have identified a cancer fighting drug present in algae found in the South Pacific.
The new discovery, which scientists hope will help cancer treatment, could affect life insurance policies.
The seaweed, known as mermaid's hair, was gathered off the coast of Fiji and was found to contain a compound that inhibits the formation of blood vessels that feed tumours.
Scientists claim that if a normal-sized swimming pool full of cancer cells were treated with the compound it would take only three milligrams - about the weight of a grain of rice - to kill all of the cancer cells.
"We are excited because we have discovered a structurally unique and highly potent cancer-fighting compound," said Dwayne G Stupack, associate professor of pathology at the Moores Cancer Center at the University of California where the research took place.
The discovery could be used for emerging technology being developed to target cancerous tumours without toxic side effects, he added.
The properties of the compound, somocystinamide A (ScA), will be described in a paper published online in Proceedings of the National Academy of Science between February 11th and 15th.
According to Cancer Research UK there were 153,491 deaths in the country from cancer during 2005.
Direct Life and Pensions Services Ltd are one of the UK's leading providers of life insurance, term life assurance, mortgage protection, critical illness and life insurance advice online
05 September 2007 14:25:58
Income protection insurance is "extremely important" for sole traders, according to the British Insurance Brokers' Association (BIBA).
Offering a regular income contribution, as opposed to the lump sum payments provided by life insurance or critical illness cover, income protection is essential for small businesses or the self employed.
Graham Trudgill, BIBA technical services manager, explained that while income protection is a good idea for most people, sole traders are especially vulnerable.
He confirmed that though insurance can be "quite low down as a priority" for many newly-formed companies, protecting themselves and their business was crucial for keeping "the wolves from the door" in the event of losing work.
Mr Trudgill went on: "Banks that sell it to their self-employed clients can be very expensive - don't just settle for that, always get a second opinion.
"Insurance brokers who specialise in income protection should be able to give exceedingly competitive and appropriate policies.
"People have to discuss what their needs are with their broker before they buy. Don't just go online and think: 'Oh, I'll just get that one'."
The Association of British Insurers recently published new guidance literature to improve the clarity of policy definitions.
Direct Life and Pensions Services Ltd are one of the UK's leading providers of life insurance, term life assurance, mortgage protection, and critical illnesslife insurance policies online.
