A fifth income protection (IP) provider has now gone live on the UnderwriteMe Protection Platform.
Advisers can now access quotes for Aegon’s personal IP product on the platform, which provides automated and instant underwriting decisions for more than 90% of all protection cases.
Registered and qualifying advisers can already use the UnderwriteMe platform to access IP quotes from AIG, LV=, Royal London and The Exeter.
Aegon’s life, critical illness and family income benefit products are already.
Phil Nash, sales director at UnderwriteMe, said: “We [now] have five IP providers on the platform, which is significant for advisers because IP typically has more underwriting complexities than life and critical illness.
“We believe it is more compliant for an adviser to receive five fully underwritten premiums than call three or four insurers for indicative pre-underwriting terms, which is the typical number of insurers contacted.”
