How to get PruProtect 30 April 2009 at 6:59PM in Insurance & Life Assurance 16 replies 4.5K views

WakeMan_2

Hi

I am looking to get life insurance from PruProtect, im already a platinum PruHealth member.

Ive now been searching the PruProtect website for hours and its sending me mad, how do you actually apply for a life policy from PruProtect, there are no links on the website whatsoever.

Is it actually possible for a normal person to get a life policy from PruProtect or is it just for company employees or something?

Thanks

PMISpecialist_2

Hi Wakeman,

Just sent you a Private message.

Quentin

As previously posted after you abused the pm system in the pruhealth thread, you aren't allowed to use the pm system to get round the board's ban on advertising. Can we assume that as you are back doing this rule breaking pm'ing your attempt to get MSE authority to advertise your "deals" has been knocked back?

If you had something helpful to add to the thread, why not post it for all our benefit?

Wutang_2

Quentin wrote: »

If you had something helpful to add to the thread, why not post it for all our benefit?

I wonder!!!!

PMISpecialist_2

I would advise you find an reputable experienced independent broker or IFA who specialises in these policies.

Prefferably one who will give you some of his/her commission back (say 50% of your first years premium).

Even better would be if they were a Pruprotect and Pruhealth member themselves and can provide you with lots of helpful tips and advice on top of the 50% commission rebate.

Now if only i was allowed to help you..........but i'm not allowed, its apparently against the rules to save someone money if i gain from it as well and it actually ends up that we both benefit. Heaven forbid! So good luck in trying finding one i suppose.

Quentin

The rules you repeatedly break are that no advertising is allowed, and that the pm system is not to be abused to get round this rule. Which you well know.

You would probably claim to be a reputable broker, but not from what we learn of your busines methods here. Reputable brokers don't come here scouring the forum for an opportunity to do some "covert" advertising and tout for some business from the market of MSE members.

If you really want to help people save money, all that is necessary was to post pointing out that many brokers are prepared to share their commission with clients, and that people should look for a good local broker they can rely on (rather than a rogue broker trying to bend the rules here by abusing the pm system to get some free advertising!)

WakeMan_2

I still dont get it.

Im wanting Life Assuarance from PruProtect. Why would I go to a financial advisor and pay them money?

If I wanted Life Assurance from Norwich Union, I would go to their website, get a quote and apply.
If I wanted Life Assurance from Legal & General, I would go to their website, get a quote and apply.
If I wanted Life Assurance from Halifax, I would go to their website, get a quote and apply.
........And this list goes on for every bank and insurance company!!!!

Why can't I go to PruProtect get a quote, and apply?

Im not going to any IFA, when I can simply go to most banks insurance companies, get a quote and apply! then get Life Assurance for £7 per month. Whats the problem with PruProtect, I just wanted to go with them as I have PruHealth insurance.

I never went to an IFA to signup to PruHealth!!

Quentin

You will no doubt have seen from the pm you have had from the "rogue broker", and the "cashback" he has no doubt suggested he could get you that they get paid an enormous commission for these broker only policies.

Some companies like to keep all their balls in the air (traditional business via brokers as well as direct sales) by having exclusive products for brokers to sell, thereby keeping them sweet, and stop them complaining that their clients can get similar products cheaper direct from the company.

If you are dead set on the pru policy, then you have to go via an intermediatory.

They have an online demo for brokers. This shows the broker getting £1377 plus £1.39 every month for 23 years for arranging a £55/month policy.

See demo at bottom right of this page:

https://www.pruprotect.co.uk/adviser/AdviserAction.do?method=quoteAndApply

No wonder they can give you some cashback!

stephenni1971

Before MSE members start chasing IFA's with pitchforks, it may be worth pointing out that an ever increasing number are advising on a fee based scheme.

It's a much clearer way of doing business, you agree an hourly rate and the expected time taken to do the work, then you have a choice of paying it directly to the adviser, or in some cases, the adviser deducting the fees from the commission and refunding the difference.

I'd be the first to agree that in some cases the commission offered for the time spent on a case can be out of proportion, and this gives a much clearer and fairer route.

I am a member of a profession which, on the whole, I am proud of, but there will always, as in any profession, be those happy to cut the odd corner but happily this is becoming a rarer event.

pedro123456

"I am a member of a profession".........is it a profession?...........lol..............next joke.

Wakeman...........go in and see/phone them you dont need IFA for insurance.

Pete.............is that ok stephenni

OshayAway

pedro123456 wrote: »

"I am a member of a profession".........is it a profession?...........lol..............next joke.

Wakeman...........go in and see/phone them you dont need IFA for insurance.

Pete.............is that ok stephenni

You do with some products / providers. This is the case with Pru Protect as has been stated by those who know what they're talking about.