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Good morning and welcome to your Morning Briefing for Monday 21 February, 2022. To get this in your inbox every morning click here. Paraplanning glory There is a passionate debate about the difference between financial advisers and paraplanners in the profession. The topic appeared at the fifth annual Chartered
Lucy Brown: Lockdown isn’t holding innovation back By Lucy Brown 17 th February 2021 4:24 pm Despite the continuing lockdown, it’s great to see insurer innovation isn’t being held back. To kick off 2021, MetLife released its new, simplified income protection product, MortgageSafe. It’s designed for customers looking to protect their mortgage against accident or illness and aims to be simple and easy to understand. MortgageSafe offers three levels of cover and is backed up by a quick application process with limited medical questions and no financial underwr...
Clients will not need to wait for medical evidence or the underwriting to be completed UK mutual insurer Royal London is introducing an Underwrite Later option to any potential customers taking out a life or business policy. This means the firm will be able to offer cover while medical evidence is being processed. Clients won’t have to wait for the underwriting assessment to be complete either. “Eligible customers will have the option to get cover straight away on Life Cover plans up to £3.5m ($4.8m, €4m),” Royal London added. This will give “advisers and customers confidence” as...