Under the terms of Zurich’s single tie protection agreement with Openwork, those advisers new to the Openwork network will be now able to recommend products from Zurich mainstream protection range, including life cover and critical illness cover.
Peter Hamilton, head of retail propositions at Zurich UK, said: “The protection products we market as an industry can change lives and advisers play a critical role in highlighting the benefits to their clients of taking out some form of cover to protect themselves and their families in the event or serious illness or worse.
“By expanding the terms of our agreement with Openwork to enable more advisers to advise on Zurich’s mainstream protection proposition, we are confident that more people will benefit from suitable cover with the help of their adviser.”
Zurich’s suite includes its Decreasing Mortgage Cover plan and its Level Protection plan, both of which are designed to provide a fixed term of life assurance and can be combined with critical illness cover.
The enhanced agreement takes effect from 1 November, the target date for the completion of the adviser transfer.
This follows a deal between MetLife and Openwork which enabled the transfer of up to 930 of MetLife’s self-employed advisers and a new agreement enabling the network to distribute its protection proposition more widely.
