Intermediaries Input into Engage Mutual's Over 50s Product Enhancement

Harrogate, United Kingdom (PressExposure) July 27, 2011 -- Engage Mutual, one of the larger UK mutuals providing simple, value for money savings, protection and investment products, has enhanced its Guaranteed 50 Plus Life Cover for the intermediary market to offer additional features, increased levels of life cover, and more flexibility and choice.

As a result of extensive feedback from intermediaries, who highlighted their clients' wish list of priorities around life cover, it is anticipated the revised product, which retains its simplicity of application, will create even more opportunities for advisers seeking to develop their protection business.

Levels of cover have been increased overall with the maximum level of cover increased to £40,000; a wider range of premiums from £10 to £75 per month are now available; and accidental death benefit has been increased to £48,000.

Two additional services are also integral to the new product: access to a free, independent long-term care advice service from one of the UK's leading independent care advisers; and a no cost funeral funding option in association with The Co-operative Funeralcare, which pays a £250 contribution towards funeral costs (terms and conditions apply).

"Understanding the market is critical to ensuring that our products can assist advisers in solving their clients' protection wants and needs," said Karl Elliott, marketing director at Engage Mutual.

"Working closely with intermediaries for the past three years on Guaranteed 50 Plus Life Cover, we have honed and enhanced the product to make it a more accessible and comprehensive offer for clients seeking that little bit more peace of mind from their later life cover."

Product Information:

The Guaranteed 50 Plus Life Cover offers:

* No underwriting or health questions

* Guaranteed acceptance without a medical

* Separate rates for smokers/non smokers

* Guaranteed lump sum payment on death

* Low-cost life insurance premiums from £10 per month

* Guarantee premiums will never rise

* Premiums cease at age 90 but cover continues

* Accidental death benefit in 1st two years with full cover payable after two years

For further details of Guaranteed 50 Plus Life Cover, contact Engage Mutual on 0808 100 50 75 or go to [http://www.engagemutual.com/ifa].

Editor's notes:

Engage Mutual's over 50s life cover plan, easy save, junior easy save, protected investment bond are provided by Homeowners Friendly Society Limited (HFSL). HFSL is Registered and Incorporated under the Friendly Societies Act 1992, Registered number 964F. HFSL is authorised and regulated by the Financial Services Authority (FSA), FSA Register number 110072.

Engage Mutual's child trust fund is provided by Engage Mutual Funds Limited (EMFL), Registered number 3224780. EMFL is a wholly owned subsidiary of HFSL and Authorised Corporate Director of Engage Mutual Investment Funds ICVC. Engage Mutual Investment Funds ICVC is an investment company with variable capital. Registered in England number IC00044. EMFL is authorised and regulated by the Financial Services Authority (FSA), FSA Register number 181487.

Engage Mutual's health cash plan is provided by Engage Mutual Health (EMH). Registered number 515058 of 14 St Cuthbert's Street, Bedford, Bedfordsire MK40 3JU. EMH is a wholly owned subsidiary of Engage Health Holdings Limited (EHHL), which is a wholly owned subsidiary of HFSL. EMH is authorised and regulated by the Financial Services Authority (FSA). EMH's FSA Register number is 202311. Engage Mutual Health has offices in Harrogate and Bedford.

You can view our details on the FSA's register [http://www.fsa.gov.uk/register/firmSearchForm.do] or by contacting the FSA on 0845 606 1234.

Engage Mutual Services Limited (EMSL) is a non-regulated wholly owned subsidiary of HFSL. EMSL is an appointed representative of EMIL. Registered number 3088162.

The following are non-regulated wholly owned subsidiaries of HFSL.; Engage Mutual Administration Limited (EMAL) - Registered number 4301736; Engage Mutual Services Limited (EMSL) - Registered number 3088162; Engage Health Holdings Limited (EHHL) - Registered number 71124.

Engage Mutual Assurance is a trading name of HFSL, EMFL, EMIL, EMH, EHHL, EMAL and EMSL.

About Engage Mutual:

Engage Mutual is one of the larger UK mutuals providing simple, value for money savings, protection and investment products to more than 500,000 customers. Engage Mutual prides itself on being a family-oriented, modern mutual, providing products that help enable households of all kinds to plan their finances to help meet their future needs. Engage Mutual has been the title sponsor of the Rugby Super League since 2005 and has extended its agreement to 2011. More information on Engage Mutual is available at http://www.engagemutual.com.

About Engage Mutual

Contact:
Kathryn McLaughlin
Engage Mutual Assurance
Tel: 01423 855245 / mob 07794 283788
Post: Engage Mutual Customer Service Department
Hornbeam Park Avenue
Harrogate
HG2 8XE
Tel: 0800 169 4321
International tel: +44 1423 855 000
Email: mail@engagemutual.com


Press Release Source: http://PressExposure.com/PR/Engage_Mutual.html

Press Release Submitted On: July 27, 2011 at 1:09 am
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