Legal & General has continued to develop its e-business service with the expansion of its protection and general insurance products on its integrated quote and apply system, Online Protection.
The product suite now includes the following products:
* Family and Personal Income Plan, the family protection product with a monthly benefit.
*Mortgage Payment Protection Insurance, providing cover for monthly mortgage payments in the event of accident, sickness or unemployment.
*Unemployment cover as an option on the Legal & General Mortgage Payment Insurance product.
Over 80% of Legal & Generals protection business is currently received online, which represents an increase of 10% from when the new system was launched six months ago.
By providing an easy to use system, with a comprehensive suite of products, Legal & Generals Online Protection single applications will help save valuable time for advisers and their customers.
The single application system will reduce total selling time for advisers by avoiding duplication. The application process is designed to maximise efficiency when used online with the customer present.
Cheryl Clements, director of technology propositions at
Legal & General, says: It is really important to us at Legal & General to listen to what financial advisers want and to make sure our technology delivers.
“By extending the range of products offered by Online Protection, we are supporting advisers who want to ensure their clients consider and make financial provision for future protection needs.
“It is not just the mortgage that needs to be considered in the event of a change in family circumstances, it is important to think about protecting lifestyle and dependants also.
The Legal & General Family and Personal Income Plan provides a regular cash benefit to replace an income when circumstances change.
“We also offer a choice of mortgage protection solutions, which provides cover for accident and sickness, on a long or short term basis, with optional unemployment cover.
“This ensures that if a customer is unable to work due to accident, sickness or unemployment, then the mortgage and associated costs will be covered on a monthly basis.