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DeVere first to offer ‘unique’ online life cover for expats

27 Jun 11

DeVere group has become the IFA to offer ‘unique’ online life cover for expats provided by GBE

DeVere group has become the IFA to offer 'unique' online life cover for expats provided by GBE

The product, called Life Protector Plan, can provide cover of up to $400,000 for individuals based in Europe and $250,000 elsewhere.

The deVere Group has become the first international IFA firm to offer the product.

Nigel Green, deVere chief executive, said: "We are very pleased to have the opportunity to work with Global Benefits Europe, and more importantly to be able to provide our clients with this unique life cover.”

Steve Conway, GBE head of sales, said that as far he was aware there was no other product like it in the offshore market in the respect that life cover could be bought instantly online.

He added the product is annually renewable and offers upfront and trail commission to advisers.

Of the deVere tie-up, Conway said: “We are certain that through deVere’s strong global footprint, a unique specialist life insurance cover is now available to expatriates all over the world."

Life Protector is also available for white-labeling deals with advisory firms.

Conway said GBE has more than 25 years experience providing life cover to expats, as well as experience in the group cover market.

Tags: DeVere Group

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.