A deal has been struck between an insurer and one of the most well-known financial services brands in the world.
BGL Group has tied up with Virgin Money to provide its life insurance solution – a proposition that will incorporate both level and decreasing term insurance, as well as optional critical illness cover, and will officially kick off this summer.
The deal is the first life affinity partnership for BGL Group with Peter Thompson, the group’s director of insurance distribution and outsourcing, describing it as a “natural partnering.”
“This has been a new venture for BGL Group, too, as we combine the partnerships expertise of our outsourcing business Junction with the skills of the team at BeagleStreet.com who have done so much to simplify and modernise the process of buying life insurance over the past few years,” he said.
“Through our innovative online product we can help Virgin Money’s customers to bridge the protection gap with the minimum of stress, supporting them to protect what’s most important to them.”
“We are very excited to be partnering with BGL Group to provide our Life Insurance proposition,” said Rhian Emmanuel, director of protection at Virgin Money. “Life insurance satisfies a key area of need for Virgin Money customers and we look forward to working with BGL Group to offer our customers an accessible, digitally-led proposition. Our product will be simple to buy, well-priced in the market and will have thoughtful features including a free will-writing service and support from Samaritan-trained staff.”
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