Advisers help clients claim £41.2m on potentially lapsed policies through L&G

clock

Legal & General affiliate IFAs and tied advisers helped their clients claim £41.2m against their Life and Critical Illness cover policies in 2013 thanks to the firm's early warning System of electronic notification.

To date, Legal & General has invested over £2 million in systems and services that help advisers to develop and monitor the quality of business processes.

Recent changes include improved methods of payments for arrears, with Legal & General's credit and debit card facility replacing the more antiquated cheque and postal order methods.

Mark Holweger, Intermediary Director, Insurance at Legal & General, said:
"We are very proud of the work our distribution quality management team and network members have achieved together. Tools like the Early Warning System have helped over 15,000 advisers to go above and beyond the call of duty.

"Figures like these should act as a catalyst for advisers and the industry as a whole to keep clients protected for when unforeseen financial emergencies hit."

More on Insurer

Medicash sees 21% rise in premium income

Medicash sees 21% rise in premium income

Total number of policyholders up 9%

Jaskeet Briah
clock 03 July 2025 • 1 min read
HSBC Life UK to be acquired in £260m deal

HSBC Life UK to be acquired in £260m deal

Chesnara buys business

Jenna Brown
clock 03 July 2025 • 2 min read
New CEO for Canada Life UK

New CEO for Canada Life UK

Emma Watkins joins from Scottish Widows

Jenna Brown
clock 03 July 2025 • 1 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read