Webline has introduced a new Pension Term Assurance (PTA) service, which offers quotes from four major providers, with an extension of the provider panel planned for the near future.
It has been working with Friends Provident, Legal & General, Liverpool Victoria and Scottish Equitable to allow Webline users to gain quotes and apply for products from this month.
Webline says the quote and apply process has been made very easy and efficient for advisers to use, and where PTA products have been quoted, the results table will display the premiums both as Gross and Net of basic rate tax.
The site says it supports three application options, and advisers can choose to compare PTA products with more traditional term products. Webline also plans to extend the provider panel with another four companies shortly.
Paul Holland, chairman of Webline, says it is delighted to be adding PTA products to the Webline service, as it will make it easier for advisers to compare PTA against traditional term products at point of sale.
Ian Jeffries, head of protection marketing at Friends Provident, agrees PTA provides a substantial opportunity for advisers and suggests the service would make the submission of business more efficient.
Meanwhile, Rod McKie, head of marketing for Scottish Equitable Protect, says: “Such a service is vital in helping advisers understand the potential savings PTA can deliver and in so doing they have given this new market a great opportunity to flourish.”
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