L&G says medical insurance is a natural fit for advisers arranging mortgages, protection and general insurance and Bupa is a leading provider in the market.
Legal & General will be able to sell Bupa’s ClientChoice product, which offers a no-claims discount and moratorium underwriting in the same product.
Bupa ClientChoice offers three levels of cover and different underwriting options to suit all client needs.
Gary Burchett, managing director of Housing at Legal & General, says: “We’re really pleased to be teaming up with a company of Bupa’s quality and expertise. Legal & General’s network currently offers mortgages and mortgage-related insurance and this move allows us to broaden our proposition even further.
“It’s a natural next step to allow advisers to sell medical insurance and there are significant opportunities here for intermediaries to expand their revenue streams. A new product like this is the perfect excuse for advisers to talk to existing customers and can open doors. It also means a more complete service for consumers.”
Andy Linaker, strategic business manager at Bupa Health and Wellbeing, says: “The tie-up with Legal & General is a good partnership for both parties and an excellent way for us to distribute our intermediary proposition through one of the country’s largest mortgage networks. We’re confident that selling medical insurance will be of huge interest to Legal & General’s advisers as they are well-placed to introduce this type of product to their clients.”