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NFU Mutual has withdrawn its own protection policies from the market and partnered with AIG Life to distribute products to customers from 1 August 2016.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  When asked by Professional Adviser's sister title Cover whether the plans had been withdrawn in response to the Daily Mail's reporting of NFU Mutual as "one of the worst offenders...

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