Transcript Document

What do you get out of this seminar?
FRIENDS® Protection
FRIENDS®
Business Protection Plan
Competitive without compromising quality • Making life easier • A seamless service experience
What do you get
out of this seminar?
Agenda
FRIENDS® Protection

The market

Product features

Higher limits

Service

Support material

Recognition

Contact us
.
Competitive without compromising quality • Making life easier • A seamless service experience
What do youThe
get out
of this seminar?
market
FRIENDS® Protection
Business Protection offers an excellent
way for advisers to diversify and maximise
their income
•
Estimated 4.8 million businesses
in the UK .1
•
Life Protection Gap of
£2.3 trillion.2
1Department
for Business, Enterprise and Regulatory Reform – Statistical
Press Release October 2009
2
Swiss Re Insurance Report 2007
Competitive without compromising quality • Making life easier • A seamless service experience
Three Business
Protection scenarios
What doProduct
you get out of
this seminar?
features
.
OurFRIENDS
product
has been designed specifically
to meet the needs of the
Protection
Business Protection market.
®
• Level Term Assurance (LTA) and Decreasing Term Assurance (DTA)
are available with Critical Illness Cover (CIC), all on guaranteed
premium rates.
• DTA is available for terms of 5 years and above.
• Reduction of DTA sum assured is based on an interest rate of 10%.
• Tailored increase option:
Allowing specific Business Protection up to 50% of the original sum
assured or £150,000 whichever is lower.*
Competitive without compromising quality • Making life easier • A seamless service experience
What do you
get out oflimits
this seminar?
Higher
We’ve tailored our product, to fit with
Business Protection sums
.
FRIENDS Protection
assured,
which are often higher than personal or mortgage
protection cases.
®
• Financial underwriting limits:
£1,000,000 - Life Cover
£500,000 - Critical Illness Cover
£800,000 for Business Loan Protection Critical Illness Cover
• Interim Life Cover limit: £2,000,000
• Interim CIC Cover limit: £500,000
• Free Accidental Death Cover limit: £250,000.
Competitive without compromising quality • Making life easier • A seamless service experience
What do you getService
out of this seminar?
Dedicated Business Protection team
FRIENDS® Protection
• Same day service
We aim to provide an efficient service providing initial decision within same
day of receiving your client’s of application
• ‘High Net Worth’ underwriters
Our High Net Worth underwriting team deal with all Business Protection
cases, regardless of the sum assured
• Personal case handler
You’ll be supported throughout the sales process. We’ll aim to confirm
underwriting requirements, including any missing information, medical and
financial evidence, on the same day as your clients’ applications.
Competitive without compromising quality • Making life easier • A seamless service experience
What do you getService
out of this seminar?
Dedicated
Business Protection team
FRIENDS Protection
®
• Pre-application assistance
We can discuss issues such as medical disclosure, underwriting limits
and tax implications before you’ve even met your client.
• On your terms
We will deliver ongoing communications
between you and your client on your terms
via email, phone, fax or letter.
Competitive without compromising quality • Making life easier • A seamless service experience
What do you getService
out of this seminar?
Dedicated Business Protection team
FRIENDS® Protection
• Regular updates and support
You can track your case online 24/7 via our pipeline management
facility.
• Company Accounts Retrieval
Where appropriate, we can save you time by requesting financial
accounts from the ‘Registrars of Companies’ service
You’ll receive our dedicated Business Protection service for all of
your Business Protection cases, regardless of the sum assured.
Competitive without compromising quality • Making life easier • A seamless service experience
What doSupport
you get out of
this seminar?
material
You
have access to Business Protection toolkit on the adviser site.
FRIENDS Protection
®
This is jam-packed with support material including:
• Business Protection online seminar - 3 modules to educate you
about the product and support you through the sales process
• A business risk report – to support you to highlight financial risks to
your clients’ businesses
• Guides to quoting for Business Protection on the portals
Competitive without compromising quality • Making life easier • A seamless service experience
What doSupport
you get out of
this seminar?
material
FRIENDS® Protection
• Checklists – step by step flow chart
enabling you to capture all the necessary
information from your client
• Consumer facing sales aid
– for you to use in client meetings
• Lead generation letters
– for you to target potential
Business Protection clients.
….. and much, much more!
Competitive without compromising quality • Making life easier • A seamless service experience
What do youRecognition
get out of this seminar?
FRIENDS® Protection
Incisive Media
Gold Standard Awards 2009
Winner - Protection
Competitive without compromising quality • Making life easier • A seamless service experience
What do youContact
get out of this
seminar?
us
FRIENDS® Protection
•
Helpline: 0845 602 6181
•
Email: [email protected]
•
Webpage: www.friendsprovident.co.uk/adviser/businessprotection
Competitive without compromising quality • Making life easier • A seamless service experience