Co-op Insurance has entered into a partnership which will give its customers access to Legal & General's life and critical illness cover.
The deal will see Co-op customers given access to protection products at “competitive prices”, with exclusive benefits for Co-op members.
The products offered through the partnership with L&G are life insurance and decreasing life insurance (with or without critical illness cover) and over-50s fixed life insurance.
Cover will be available from £5 a month on both life and over 50s products, depending on the customer’s age, health and lifestyle.
Matthew Collings, partnership development manager at Co-op Insurance, said: “This partnership is part of our ongoing commitment to provide products and services that make a difference to our customers’ lives, and to support them through every stage of their journey.
“We share Legal & General’s values of putting customers first and offering quality products that are easy to understand and access.”
In addition, customers who buy a policy through Co-op will also have access to Legal & General’s care concierge and wellbeing support via RedArc.
Care concierge helps customers and their families find and arrange later life care, while wellbeing support offers emotional and practical support for customers and their loved ones during difficult times.
Claire Beardmore, partnerships director at Legal & General, said: “Co-op and Legal & General are strategically aligned in wanting to offer products that provide excellent value and important protection to families should they ever need it.
“With exclusive pricing for Co-op members, we are confident that this new partnership will be a great success.”
amy.austin@ft.com
