TSB Bank has launched a partnership with Legal & General (L&G) to offer protection insurance to its customers from the beginning of July 2014.
An exclusive five year agreement has been signed with Legal & General to provide TSB customers with critical illness, whole of life, term and decreasing term assurance and income protection.
The new partnership is a multi-distribution agreement that will allow TSB customers to purchase protection products over the telephone, with TSB branches referring customers to dedicated financial advisers at Legal and General.
Jatin Patel, director of products at TSB, said:"In creating the new TSB we are committed to providing customers with products that meet real needs for real life which is why TSB is proud to be offering protection services through our market leading partner L&G."
Mark Holweger, managing director, intermediated at Legal & General Insurance, said: "I am absolutely delighted that we have entered into a new partnership with such a large and respected high street brand, this represents a significant opportunity to further and promote the need for protection in the mass market."