Who is Protect Direct Online?
Protect Direct Online is a specialist
independent brokerage concentrating on the time and cost efficient
placement of non standard, impaired risk life insurance business
using a panel of insurers to remove the need for multiple
applications, medicals and related administration.
How does this compare with what currently exists in the market?
Currently, a multiple application process is used where
individuals must complete applications for each different life
office - usually resulting in at least three or four different forms
to fill in.
The insurance providers are chosen by IFAs because
they offer the most competitive rates for standard business.
However, it does not necessarily follow that they remain the most
competitive for non-standard cases. The applicant may not feel
fully confident that the most competitive rate has been obtained.
This is a long-winded process for individuals as they must wait
for the separate responses from each insurance provider and there
is no guarantee that the most competitive terms are offered.
In addition, there are significant medical, administrative and
personal costs involved for the client with
the prospect of multiple requests for medical data and even medical
examinations - all with no guarantee of acceptable cover at the end of the
In contrast, our system means that only one application form
needs be completed, that there is a greater chance that the most
competitive quotes are obtained from the chosen specialist panel
and that only one medical report is sought for the panel.
This minimises the costs and time involved for all parties, as
well as providing peace of mind for the individual that they have
received the best cover possible at the best price possible.