Intermediaries input into over 50s product enhancement

Engage Mutual has enhanced its Guaranteed 50 Plus Life Cover for the intermediary market, to offer additional features, increased levels of life cover, and more flexibility and cho

Related topics:  Protection
Millie Dyson
14th July 2011
Protection ring
As a result of extensive feedback from intermediaries, who highlighted their clients' wish list of priorities around life cover, it is anticipated the revised product, which retains its simplicity of application, will create even more opportunities for advisers seeking to develop their protection business.

Levels of cover have been increased overall with the maximum level of cover increased to £40,000; a wider range of premiums from £10 to £75 per month are now available; and accidental death benefit has been increased to £48,000.

Two additional services are also integral to the new product: access to a free independent long term care advice service from one of the UK's independent care advisers; and a no cost funeral funding option in association with The Co-operative Funeralcare, which pays a £250 contribution towards funeral costs (terms and conditions apply).

Karl Elliott, marketing director at Engage Mutual, said:

"Understanding the market is critical to ensuring that our products can assist advisers in solving their clients' protection wants and needs,"

"Working closely with intermediaries for the past three years on Guaranteed 50 Plus Life Cover, we have honed and enhanced the product to make it a more accessible and comprehensive offer for clients seeking that little bit more peace of mind from their later life cover."
More like this
Latest from Property Reporter
Latest from Protection Reporter
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.