L&G and Intrinsic Financial Adviser network agree to new protection product partnership
Legal & general and intrinsic financial adviser network agree to new protection product partnership
- Deal sees UK’s number one protection provider team up with UK’s largest AR network
Legal & General has today announced it has extended its partnership with the Intrinsic Financial Adviser Network allowing Intrinsic’s restricted advisers to access Legal & General protection products. Prior to the deal the majority of Intrinsic advisers were only able to access Legal & General’s general insurance products but as of 1st June they will all have access to the insurer’s protection offering too.
The deal ties the UK’s largest AR network with the UK’s largest provider of protection products* and is good news for advisers and their customers alike. Policies available through the new deal will include Critical Illness Cover, Income Protection Benefit, Family and Personal Income Plan and Whole of Life. To support the new arrangement Intrinsic’s advisers will also be able access a dedicated Legal & General team of underwriters and claims handlers to help them manage the application process and any subsequent claims across all insurance products.
<Steve Bryan> Director, Intermediary Division> at Legal & General says:
“Intrinsic Group is a hugely important distribution network and we are delighted to be able to work with Intrinsic to develop protection sales. Intrinsic’s 3000 strong adviser network is the largest in the UK and it’s important that those advisers have access to a good range of products in order to drive the best possible customer outcomes.”
<Andy Walton> <Protection Director> at Intrinsic says:
“Intrinsic sees protection as the bedrock of all good financial advice, and we have an excellent track record of supporting our advisers in the protection market. Our new protection panel has been created following extensive independent research, and we are delighted that our Restricted advisers and their clients now have access to Legal & General’s excellent range of protection products.”
* Legal & General are the UK's number one term assurance and critical illness cover provider, based on new individual term assurance and critical illness cover sales in 2014 Swiss Re Term & Health Watch Report, 2015.
FURTHER INFORMATION (JOURNALISTS ONLY)
NOTES TO EDITORS
The information contained in this press release is intended solely for journalists and should not be relied upon by private investors or any other persons to make financial decisions.
Legal & General Assurance Society Limited
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Registered Office: One Coleman Street London EC2R 5AA
Legal & General Assurance Society Limited is Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
The Legal & General Group, established in 1836, is one of the UK’s leading financial services groups. As at 31 December 2014, the total value of our assets in Legal & General Investment Management were £709 billion. We have over nine million customers in the UK for our life assurance, pensions, investments and general insurance plans.