NEOS and MLC join forces for new life insurance product

NEOS and MLC Life Insurance have teamed up for new product – Encompass Protection – which will launch in the next few months and sold through financial advisers on NEOS’ insurance platform.

The companies said the partnership was inspired by a desire to provide more options due to the ongoing pace of the life insurance industry and changing consumers needs.

NEOS managing director John de Zwart said the partnership is a win for both consumers and financial advisers alike.

“Offering Encompass Protection, alongside NEOS Protection, on the one service and technology platform, can improve adviser efficiency and ease of doing business,” Mr de Zwart said.

“We’re excited to partner with MLC Life Insurance. We’re passionate about trying to make risk advice easier, providing advisers with a range of high-quality products on a single, easy-to-use platform that advisers are familiar and comfortable with.”

MLC Life Insurance’s chief life insurance officer Michael Rogers added that teaming with NEOS will help the company deliver its goal of ensuring that all Australians can access quality products.

“While we continue to manufacture and distribute our own protection products and services to Australians, we’re excited to partner with NEOS to bring this new insurance offering to the market,” he said.

Neil Griffiths

Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily.

Neil is also the host of the ifa show podcast.