Legal & General – making Life Assurance Protection easier
At Legal & General, we’re in the business of making Protection easier for both you and your clients. As the UK’s number one Protection provider* we offer a wide range of Protection products tailored to help meet the needs of the mortgage and family markets.
(* Based on new individual protection sales in 2007. Source: Swiss Re - Term & Health Watch, 2008)
Making Protection easier for you…
Our products are competitively priced and offer a range of features to help suit your client’s needs.
- Mortgage Protection
- Provides a lump sum that could be used to help repay a mortgage in the event of death during the term of the plan.
- For further details including Critical Illness Cover options click here and select the Mortgage Related Plans technical guide
- Mortgage Payment Insurance
- The plan aims to pay a monthly benefit to help pay mortgage repayments if your client can’t work due to incapacity caused by illness, accident or unemployment (if this option is selected at outset), meaning that they’re unable to work, thus resulting in a loss of earnings.
- For further details click here.
For all mortgage related protection products we provide SmoothMove* cover, a 24 hour rescue service which provides emergency assistance on your moving day.
* Smoothmove is provided by Inter Partner Assistance, one of the largest emergency assistance organisations
Online Protection (OLP) – our innovative Protection quote and apply system
OLP allows you to complete a quote, and apply for a range of products, potentially placing your client on risk within minutes. It also provides you with our competitive ‘e’ rates for your clients.
In order to use the online system you will need to go through a short registration process. After clicking on the link below, click the register option on the right hand side and select new user then click the register for adviser centre option. You will then see a registration form, which will need to be completed and submitted electronically. Once it is sent a printable version will appear on your screen. This will need to be signed and faxed to the registration team (number on the form), who will then complete the registration process and confirm the username by post. If help is required at this stage the registration team can be contacted on 01737 375942. Or your dedicated consultant (see how to get started section below)
To find out more about OLP or to register click here.
Good commission terms
150% Lautro initial commission for Paradigm Mortgages firms submitting electronic applications, equivalent to 168% of year 1 premiums for policies of 12 years or longer. (140% Lautro for paper applications/ 157% of year 1 premiums).
165% Lautro initial commission for members contracted to use the Paradigm “Elite” Panel. Equivalent to 185% of year 1 premiums for policies of 12 years or longer.
170% Lautro initial commission on whole of life policies.
Making protection easier for your clients…
Excellent customer service support
At Legal & General, we aim to give you all the support you need to make the most of every business opportunity and expand your business. We fully support you, both pre-sale, and once the application is received.
An established brand
We’ve been established since 1863 and we’re one of the UK’s leading financial services companies.
Over 5.8 million people rely on us for life assurance, pensions, investments and general insurance plans, at 30 June 2008.
We’re delighted to have won the Financial Adviser 5 Star Service Award in 2008.
How to get started
The easiest way to get started would be to take advantage of the service offered by Legal & General’s Protection Broker Consultants who are there to help you through the process of submitting business and discussing any sales issues you may have. Do contact your dedicated Broker Consultant on 08452 730010*. If you are also a Paradigm LLP member then do contact Roger Newman on 08450 763006*.
*We may record and monitor calls. Call charges will vary.
This is not a consumer advertisement. It is intended for professional financial advisers and should not be relied upon by private investors or any other persons.