AIG Life has been appointed by NFU Mutual as its partner to provide a range of protection products - term assurance, income protection, critical illness and whole of life. NFU Mutual is a leading provider of general insurance and investment products, specialising in the agricultural sector.
The new partnership is due to commence in August 2016. It is understood that the products will be branded as "AIG Life" and at this stage, will not involve any white labelling. NFU Mutual has previously manufactured its own protection products, but currently provides its customers with advice on protection products through a relationship with "Future Proof Insurance".
The new partnership is potentially a significant one for AIG Life and suggests its growing appetite for new protection partnerships.