BGL Group has today announced the signing of a five-year contract with Virgin Money to provide its new life insurance solution. The new proposition will feature Level and Decreasing Term Insurance, with optional Critical Illness cover, and is set to be launched in the summer.
Virgin Money and BGL Group share a transparent, customer-centric approach to financial services, with a focus on clear, jargon-free communication, straightforward online journeys and great value products.
Building upon the success of Junction, its personal lines affinity insurance business, which is the largest in the UK, the contract with Virgin Money is the first life insurance affinity partnership for BGL Group.
Peter Thompson, BGL Group Director, Insurance Distribution and Outsourcing, said: “We’re delighted to be working with Virgin Money to launch their new life insurance product. It’s a natural partnering of two innovative brands which both put the customer at the very heart of the proposition”.
“This has been a new venture for BGL Group, too, as we combine the partnerships expertise of our outsourcing business Junction with the skills of the team at BeagleStreet.com who have done so much to simplify and modernise the process of buying life insurance over the past few years”.
“Through our innovative online product we can help Virgin Money’s customers to bridge the protection gap with the minimum of stress, supporting them to protect what’s most important to them.”
Rhian Emmanuel, Director of Protection at Virgin Money, said: “We are very excited to be partnering with BGL Group to provide our Life Insurance proposition. Life insurance satisfies a key area of need for Virgin Money customers and we look forward to working with BGL Group to offer our customers an accessible, digitally-led proposition. Our product will be simple to buy, well-priced in the market and will have thoughtful features including a free will-writing service and support from Samaritan-trained staff.”
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