Multi benefit quotes make it simpler for advisers to optimise Menu Protection plan.
Wednesday, 13 June 2007
Multi benefit quotes make it simpler for advisers to optimise Menu Protection plan.
Bright Grey has enhanced its presence on Assureweb to enable multi benefit quotes. As of today, advisers will be able to quote for up to eight covers in one Bright Grey Menu Protection plan quote and access increased product flexibility on the Assureweb electronic trading platform.
Commenting, David Barr, e-Market Manager, says: "The development means advisers can easily include two single life covers in one Bright Grey plan. They can also build in family income benefit and therefore plan for both mortgage protection and family cover in the one plan too. And we're offering mortgage guarantee and Life Cover reinstatement options on Assureweb as well.
"We've worked in partnership with Assureweb for the last three months to develop these capabilities, to make the most of the opportunity their Single Company Quote area offers us."
Andy Peters, Head of Distribution for Bright Grey, adds: ""Assureweb currently has over 16,000 registered users, including a number of networks and national advisers where we are on the panel. It makes perfect sense for us to work with Assureweb to enable this capability for advisers, particularly those we regularly do business with."
Stephen Wynne Jones, director of distribution partnerships at Assureweb, says: "Assureweb's development with Bright Grey to provide multi benefit quotes and their addition to the list of providers supporting Family Income Benefit is another significant step in our aim to provide intermediaries with the most diverse selection of products available on the market. Not only have we recently signed a number of high-profile deals with larger providers, but we continue to strengthen our range of specialist and whole of market products too. We are therefore delighted that Bright Grey shares our belief that e-business is an integral part of the future of the industry."
Gerry O'Brien, Managing Director of Home of Choice whose advisers use Assureweb, adds: "The functionality Bright Grey now provides will undoubtedly be of major benefit to customers as it will assist brokers by creating a sharper profile of the client's protection requirements."
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For further information please contact:
Bright Grey
Nicky Lundy
nicki.lundy@brightgrey.com
Tel: 0131 247 1677
Mobile: 07919 170 087
Assureweb
RichardWheat
richard.wheat@mrm-london.com
Tel: 020 3008 6060
Mobile: 07775 566 909
editors notes:
Bright Grey's Menu Protection Plan
1. Bright Grey's Menu Protection Plan, aimed at individuals, was launched to the market in March 2003 and is distributed through financial advisers. It includes a choice of life, waiver, critical illness and income protection covers.
2. Assureweb users can find the Bright Grey Menu Protection Plan on Assureweb's Single Company Quote area. They can also link straight to Bright Grey's extranet from the Single Company quote area in order to use the online application facilities.
3. Bright Grey has been groundbreaking in providing every plan owner and their families with a unique Helping Hand Service at no extra cost. This is made up of three elements:
• The specialist support of a personal nurse adviser from RED ARC Assured Ltd, an independent care advisory service. Through RED ARC we provide a personalised service if a plan owner makes a claim or one of their family falls seriously ill. So, for example, they can help clients to navigate the NHS, arrange a visit from a specialist nurse or suggest a programme of therapy or counselling to help them reach their fullest possible potential again. They can also help in cases of bereavement.
• Discounts and deals from a range of companies focused on your health, which include discounts on health screenings with BMI healthcare, no joining fee and a free week with Fitness First gyms; and 30% off the cost of Forever Living healthcare products.
• A range of helplines offering quick and easy professional help. These include legal, medical, personal and career helplines.
4. In 2007, Bright Grey has been voted Best Insurance Lender by The Mortgage Times Group and Provider of the Year by Alexander Hall.
Royal London Group
1. Royal London Group is a specialist financial service provider. Its businesses focus on those sectors of the market which value premium propositions, operating through a number of brands:
• Scottish Life - UK pensions market
• Bright Grey - UK protection market
• Scottish Life International - offshore investment markets
• RLAM - fund management
• RLAS - life and pensions administration.
2. Royal London is one of the stronger life and pension companies in the UK, with a current rating of 7/10 from Cazalet Financial Consulting, and has a particularly strong track record for with profits performance. It is also the largest mutual life and pensions company in the UK with Group funds under management of £30.8bn. Group businesses serve over three million customers and employ 2,640 people. (Figures as at 31 December 2006.)
3. Bright Grey is part of the Royal London Intermediary Division which includes Scottish Life and Scottish Life International.