The seminars aim to educate advisers on debt management and the part insurance can play to protect future client finance.
Once an adviser has reduced the cost of a client’s unsecured debts to a manageable level, the client is able to reinstate many of their insurance policies which have usually been cancelled, said Blu.
This ensures the clients are protected against unforeseen events, it added, and gives them peace of mind at a price they can now afford. The adviser then receives an ongoing income from both the debt management policy and the insurance.
James Briggs, sales director at Blu Debt Management added: “Demand for debt advice is growing rapidly as the mortgage market remains restricted, so Blu is forming strategic partnerships to help advisers provide their clients with long-term support.
“Blu’s partnership with Paymentshield will help advisers provide a solution for a client’s immediate and future needs, helping them to develop lasting customer relationships and create an ongoing form of income.”
Scott Thomson from Paymentshield said: “Whenever a broker crosses the path of a client it is important to ensure the client has adequate protection for their property no matter what stage of their financial life they’re at.
“Particularly now, with unemployment set to increase further and little sign of economic recovery, it is paramount that a client’s future plans are protected from loss of income as a result of accident, sickness or unemployment.”
He added: “Quality Buildings & Contents insurance combined with adequate monthly income protection are staples of financial planning, and Paymentshield will be supporting Blu Debt Management’s workshops to demonstrate how sales of these products can help secure long-term business stability for brokers, while really Treating Customers Fairly.”
