Protection
Lincoln Financial Group has revealed its intention to grow its IFA distribution channel by re-launching its protection package, Financial Foundations.
The updated version offers different combinations of benefits and includes life assurance, income protection and waiver of premium cover.
Critical illness, permanent disability and elderly care cover are also offered on a menu basis - giving IFAs the opportunity to 'pick and mix' to meet the exact needs of their clients.
Each plan is usually written as a single policy and is technically a non-qualifying whole of life contract. However, Lincoln has tailored this so it can be altered in order to give clients complete flexibility.
Brian Sceats, marketing communications manager at Lincoln Financial Group, said: "The concept of the product is an innovative one. It provides advisers and their clients with the option to pick and mix from all the major types of protection cover and package the solutions in one place."
The policy can stay with the client for life, and can be adapted as and when the client's circumstances change.
Commission for IFAs is equivalent to 100% LAUTRO for new business. Renewal commission is payable from year three onwards at the rate of 2.5% times the premium.
Advisers wishing to obtain more information and online quotations can do so by visiting www.lincoln-ifa.co.uk, or by calling Lincoln's IFA hotline on 0845 673 6773.
