Castle Cover Insurance Team Up With Over 60's Equity Release Company, In Retirement Services

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Over 50's insurer partners with equity release company to help capitalise on target market.

There are many synergies between Castle Cover and In Retirement Service, which gives us a great opportunity in providing Equity Release products to our customer base

To expand the financial services that Castle Cover offers, the over 50s insurance firm based in Poole have teamed up with the Equity Release firm In Retirement Services who are specialist providers of equity release products.

With Castle Cover's customer base of Over 50's, comprising of people with Car and/or House Insurance policies there is an excellent opportunity to provide these customers with additional services. The most recent addition to this is Equity Release that may be suitable for some of their current customers.

Andy Leggett, Direct Marketing Manager at Castle Cover stated: "There are many synergies between Castle Cover and In Retirement Service, which gives us a great opportunity in providing Equity Release products to our customer base".

As well as having the ability to provide additional services via a partnership, Castle Cover also envisage opportunities arising to provide policies such as home and motor insurance to customers from In Retirement Services.

In establishing this partnership Castle Cover has made sure that they have chosen the right equity release partner to work with. As one of the UK's leading equity release specialists In Retirement Services analyse individual circumstances to help determine whether equity release is suitable for prospective customers. The company is also a Safe Home Income Plan (SHIP) member and is regulated and authorised by the Financial Services Authority (FSA), to ensure they offer the customers the best policy for them.

With many companies in the financial services targeting the Over 50s niche market, partnerships such as this allow both companies to gain wider coverage for their competitive products.

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Lloyd Cooke
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