Partners Life recently announced several pricing and product changes to their Income and Mortgage Protection product suite. More information on these changes can be found here.
We have now updated Quotemonster to reflect these changes as detailed below:
Partners Life quote software updates:
- Optional Critical Illness Benefit: We’re making the built-in ‘Critical Illness Benefit’ optional and renaming it to the ‘Critical Illness Option’. When you de-select it, a discount is triggered on the premium for Income, Mortgage or Household Expenses Cover.
- Optional Specific Injury Benefit: We’re making the built-in Specific Injury Benefit optional and renaming it to the ‘Specific Injury Option’. When you de-select it, a discount will be triggered on the premium for Income, Mortgage or Household Expenses Cover.
What you’ll see on Quotemonster:
An ‘Options’ package is now available under ‘IP Taxable’, ‘IP Non-Taxable’, and ‘Mortgage’ in your ‘Product and Provider Settings’. This includes the TPD Booster, Critical Illness and Specific Injury Benefits.
When an ‘Options’ package is selected on Quotemonster, all three benefits will also need to be switched on in Partners quoting software to allow the premiums to match and research scores to be reflected in your selections.
When a base product with no options is selected the price will be lower than previously quoted on Quotemonster because Specific Injury and Critical Illness are no longer built in benefits.
If you have any questions or feedback on the changes above, please send us an email on [email protected]