OneFamily buys Beagle Street protection business to expand range
OneFamily buys Beagle Street protection business to expand range
Abstract
The mutual says Beagle Street sells life and critical illness insurance "To people who know they need to protect their families but are put off by the expense, complexity and the time it usually takes to buy life insurance". OneFamily currently sells equity release, over-50s life cover and various savings products. The group was founded in 1975 as the Family Assurance Friendly Society and had 2 million customers with £7.3bn in funds under management at the end of last year. Beagle Street is owned by digital insurance distributor BGL Insurance, which sells motor, home and life insurance products in partnership with rivals, as well as through its own brands, such as Dial Direct and Budget Insurance.
