NFU Mutual withdraws own protection plans to distribute AIG Life policies

Existing policies will stay in force but clients informed of new options

clock • 1 min read

NFU Mutual has withdrawn its own protection policies from the market and partnered with AIG Life to distribute products to customers from 1 August 2016.

The new policies available through NFU Mutual will be from the AIG Life suite of products offered to customers. Sean McCann, a chartered financial planner at NFU Mutual, said the firm had undertaken a review in April to partner with a major insurer. He confirmed that existing policies would stay in force but the mutual would be contacting existing customers to let them know about the new policies available.  When asked by Professional Adviser's sister title Cover whether the plans had been withdrawn in response to the Daily Mail's reporting of NFU Mutual as "one of the worst offenders...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

Listen and learn: Protection must change how it communicates

Listen and learn: Protection must change how it communicates

'Maybe it's time we start to make fewer assumptions'

Kevin Carr and Alan Lakey
clock 30 April 2024 • 4 min read
Cognitive biases in advice and the psychology of insurance

Cognitive biases in advice and the psychology of insurance

A look into client decision making and its effects on protection uptake

Jaskeet Briah
clock 25 April 2024 • 5 min read
Aviva completes £460m acquisition of AIG Life after CMA delay

Aviva completes £460m acquisition of AIG Life after CMA delay

'It's disappointing to lose another protection insurer from the market'

Cameron Roberts
clock 10 April 2024 • 2 min read