Bright Grey launches PTA on Exchange

The 23,500 users of Exweb will be able to perform client specific comparisons for the new PTA offering, adding to the existing quotation services already available.

Bright Grey’s pension term assurance product features include:

- Lump sum payable on death or in serious illness

- Cover increase options for mortgage, marriage – includes Bright Grey’s ‘Helping Hand’ service

- Can be taken out in combination with Menu Protection plan

- An individual can take out more than one life cover under a single PTA plan for different amounts, on an increasing, decreasing or level basis

Andy Peters, distribution director of Bright Grey, said: “Bright Grey’s pension term assurance plan has been designed to be very flexible so cover can be taken for a mortgage on a decreasing basis and for other liabilities, like school fees, on an increasing basis – all under one plan. Advisers using The Exchange have shown a real interest in our menu protection plan since the ‘click-through’ went live at the end of January and we are pleased to be adding a further cover to our product range for advisers to use.”

Standard Life, Scottish Equitable, Legal & General, Friends Provident, Liverpool Victoria and Royal Liver are also live on the PTA service, with a further three providers joining the platform in the next couple of months.

David Child, managing director of The Exchange, said: “We are delighted to add Bright Grey to the growing number of providers already available on the portal. By further expanding our existing service, advisers now have even more of an opportunity to provide clients with the best choice of market leading products to suit their individual circumstances.”