Tailored Life Insurance

Tailored Life Insurance

Life insurance with provisions specific to the policyholder's individual needs or desires. For example, an ill policyholder may tailor his policy so that a portion of the death benefit can be used in advance to pay medical bills. One may pay a higher premium for tailored life insurance.
References in periodicals archive ?
Thanks to this agreement, our clients in the UAE will now have better access to high quality, tailored life insurance products and services that suit their savings and protection needs.
Gautam Duggal, Standard Chartered's regional head of wealth management for Africa, the Middle East and Europe, and head of wealth management for the UAE, said: 'Thanks to this distribution agreement, our clients in the UAE will now have better access to high quality, tailored life insurance products and services that suit their savings and protection needs.
The company said the interactive tool can help agents provide recommendations for tailored life insurance solutions, based on customers' retirement goals and potential obstacles that could undermine financial security.
Dinesh Sharma, head of Consumer Banking for Middle East and North Africa (Mena) for Citi, said: "This agreement helps us provide more value to our clients across our network in the Middle East and delivers better access to high quality, tailored life insurance products and services that suit their needs.
It provides tailored life insurance solutions that protect SMEs against the death or critical illness of a key person by providing Key Person, Liability and Partner protection.
Through the agreement, the bank can provide more value to customers across its network in the Middle East and offer better access to high quality, tailored life insurance products and services, according to Citi Mena head of consumer banking Dinesh Sharma.