The specialist non-conforming lender sees these products as integral to the need of customers buying homes and arranging mortgages.
Mortgages plc and LifeQuote, part of Direct Life & Pension Services, a Skipton Building Society subsidiary, have jointly developed a website for intermediaries to use that provides instant comparative quotations from a panel made up of the UK’s leading insurers. The site automatically generates the Product Key Features document, personal illustration and application to match selected quotes, which can then be downloaded and completed at the introducer’s and the client’s convenience.
The LifeQuote service helps intermediaries source the right type of life product for their clients at the right price, with excellent commission rates. In addition to the website, LifeQuote offers Mortgages plc introducers a dedicated support team for service and full administration support.
Peter Beaumont, Sales & Marketing Director of Mortgages plc, said: “More than half of all UK mortgages have life assurance written on them, so the market potential is huge. However, it also means there are a lot borrowers without adequate protection and Mortgages plc believes its LifeQuote service will make it quicker and easier for clients to obtain this vital cover.”
Richard Verdin, Sales & Marketing Director of LifeQuote Ltd said: “As regulation approaches we see our partnerships with mortgage lenders as fundamental to the success of both businesses. The ‘mortgage event’ is at the heart of the majority of protection sales in the UK and Mortgages plc is a high profile leader in the non-conforming market, which we expect to have a huge number of conforming life insurance requirements”.
Intermediaries can obtain a life assurance quote by visiting the Mortgages plc website at www.mortgagesplc.com
