"Ensuring our adviser partners have as many channels as possible to access our products is essential."
- Phil Jeynes - MetLife UK
MetLife UK has made its EverydayProtect and MortgageSafe products available to advisers through digital sourcing platform Novium.
EverydayProtect provides financial support if customers are injured in an accident or need to spend time in a UK hospital, helping them manage the financial impact of unexpected injuries or hospital stays.
MortgageSafe is a mortgage protection policy that aims to ensure mortgage repayments are covered if a person can't work due to an accident or illness.
The distribution platform provides advisers with a digital marketplace to compare and evaluate protection products, helping them identify solutions suited to their clients’ individual needs.
MetLife UK says the expansion marks a digital milestone and comes amid a wider need for financial protection across the UK.
Recent MetLife UK research found that 39% of mortgage holders have no protection policies in place to support their mortgage repayments if illness or injury prevents them from working.
The research also found that 28% had experienced financial difficulty resulting in a missed mortgage payment following an accident or illness, highlighting the potential financial impact of unexpected health events.
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"We are thrilled to be expanding our distribution channels and deepening our digital footprint by making our flagship EverydayProtect and MortgageSafe products available through Novium," Phil Jeynes, head of individual protection at MetLife UK, said.
"Ensuring our adviser partners have as many channels as possible to access our products is essential.
"This enhancement represents a key step towards our objective of expanding protection cover for people across the UK and will provide advisers with greater visibility of how our flagship individual protection products can meet their clients’ needs.
"This move represents a drive towards greater efficiency, accessibility and choice within the protection advice market."
