Protection specialist LifeSearch has partnered with online money hub Gretel to provide protection advice for customers.
Gretel is an online platform that reconnects consumers with lost and dormant accounts including investments, savings, bank accounts, pensions, and life insurance.
The partnership will allow LifeSearch to offer Gretel’s members additional educational content and access to its team of expert advisers for fee-free advice about protection insurance.
LifeSearch will provide advice as well as education to Gretel’s customers on how to protect their financial assets.
They will be offered advice on building a ‘Plan B’ to provide a financial safety net and support in the event of death, serious illness, accident, and long-term sickness.
Justin Harper, chief marketing officer at LifeSearch, said: “We’re excited to partner with Gretel to support those customers who, after locating their financial assets, want to feel more confident about their financial resilience.
As people are seeking and reunited with lost financial assets – particularly their life insurance policies – it’s an ideal time to help people understand what they’ve got and ensure they’re financially prepared for what fate might throw at them.”
Duncan Stevens, chief executive of Gretel, added:“Our partnership with LifeSearch will further bolster our customers’ experience using our services, not only through providing a range of protection but also by offering education to ultimately fuel their financial confidence. We are confident this partnership will continue to clear the mist surrounding protection and strengthen their financial resilience.”
It is estimated that over 28m accounts with a combined value of £89bn have been lost or forgotten in the UK, according to Gretel.
This figure includes £64bn in pensions, £5.3bn in lost investments and shares, and over £8bn in lost life insurance.
Gretel’s mission is to make it easy for people to find and recover money that is due to them.
