Legal & General is offering advisers direct access to senior underwriters for their high net worth clients.
In discussing their applications pre-submission, L&G says it should reduce potential delays in sourcing both medical and financial information and get clients on risk sooner.
L&G says these underwriters have specialist experience of the market that enables them to focus on the core skill of assessing the risk (both medical and financial) presented by high net worth applications.
Protection product marketing director Bonnie Burns says: “High net worth individuals tend to be cash rich but time poor, so we aim to have a turnaround time of 30 days from receipt of application.
“By working with the adviser and their client before and after the application has been submitted, we believe we can achieve this. What we are offering is dedicated support from a senior underwriter and proactive case management by the high net worth team to help deliver a polished service from start to finish.”