UnderwriteMe has announced that the personal income protection policy from AEGON is now live on its Protection Platform.
Distributors can use the Protection Platform to access five income protection providers from which to select their clients’ income protection policies. This joins the Aegon life, critical illness and family income benefit products that are already available on the UnderwriteMe platform. Other income protection providers on the platform include LV=, The Exeter, Royal London, and AIG.
Go deeper with GlobalData
Phil Nash, sales director at UnderwriteMe, said: “We want to help protect customers with income protection and it’s great to have Aegon’s product on our platform. We have five income protection providers on the platform, which is significant for advisers because income protection typically has more underwriting complexities than life and critical illness. We believe it is more compliant for an adviser to receive five fully underwritten premiums than call three or four insurers for indicative pre-underwriting terms, which is the typical number of insurers contacted.”
Stephen Crosbie, protection director at Aegon said: “We want to help people achieve a lifetime of financial security by helping clients feel more in control of their future – even if the unexpected happens. Protecting income is the bedrock of financial planning, and having this protection in place can help improve your clients’ financial wellbeing. It’s therefore important to us that our income protection products are as accessible as possible to advisers and their clients. By having our income protection products available on the Protection Platform, we can help more advisers protect their clients.”
Alan Knowles, chairman of the Protection Distributors Group, said: “We would like to see more Income Protection sold, so the more options advisers have on the Protection Platform, the better. We would encourage all advisers to consider Income Protection as one of the most important Protection products for people of working age.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
