BGL Group has today announced the signing of a five-year contract with Virgin Money to provide its new life insurance solution to customers of the bank.
The proposition will feature Level and Decreasing Term Insurance,with optional Critical Illness cover, and is set to be launched in the summer. The contract with Virgin Money is the first life insurance affinity partnership for BGL Group, the parent company of D2C life insurer Beagle Street. Virgin Money had previously entered the protection market in 2006 in partnership with Scottish Widows, with a standalone cancer-only critical illness policy which faced industry controversy and was pulled from the market. Peter Thompson, BGL Group Director, Insurance Distribution and Outsourcin...
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