Flexible retirement solutions provider LV= has joined the real-time enhanced annuity quotation service on The Exchange, enabling financial advisers to obtain instant personalized quotations for their clients at a time to suit them.
Available through The Exchange’s Exweb portal, advisers will be able to obtain instantaneous enhanced annuity quotes for clients who smoke or have pre-existing medical conditions. Full medical details will be captured within the Exweb platform and then passed to LV=, who will then provide an enhanced annuity quote based on these specific conditions in real time.
According to LV=, the medical condition matching facility is highly efficient, and covers over 1,600 different medical conditions. This ensures that enhanced annuity quotes can be obtained quickly and easily for as many clients as possible.
Matt Trott, head of annuities at LV=, said: This service allows advisers to compare rates from the leading players in the annuity market, obtain guaranteed terms and download application forms, all in real time.
This facility shows our continuing commitment to the intermediary market, as well as our determination to use technology to streamline the process of purchasing enhanced annuities. We are confident that this innovative solution will prove popular amongst advisers, as well as enabling them to service their clients more efficiently.