Smart data platform for IFAs and wealth managers dealing with protection sales
Protocols for storing electronic data, physical documents and recorded calls revealed
The protection comparison function allows clients to independently search, select and buy from a whole of protection service
The service is available to advisers at point of client product selection.
LifeQuote is now enabling advisers to submit an application based on any quote from either an insurer's site directly or another quote portal.
LifeQuote has said it expects to see insurers include health tracking data for protection pricing along the same lines as has been adopted for private medical insurance (PMI) policies.
LifeQuote has launched a service to help borrowers who would otherwise dismiss protection as unaffordable due to cash flow pressures resulting from the Mortgage Market Review (MMR).
Paul Roberts has been appointed head of business development for protection at Old Mutual Wealth, leading the firm's distribution strategy.
Tenet Group has confirmed it will expand its protection proposition with its advisers now having the option of using LifeQuote's comparison and illustration tools.