Income Protection

Stress, depression and anxiety has increased to a seven year high in the financial services sector, Legal and General has reported.

Friends Life has been in the news recently. First we have its initial refusal, since reversed, to produce stats on IP claims. Then we have the case of Nic Hughes who was declined a claim on a life/CI policy for £100k because of non-disclosure. What's...

The Income Protection Task Force (IPTF) has said it is "delighted" by the recent publication of income protection (IP) claims statistics by insurance companies, and argued the move would boost consumer confidence in the market.

Legal & General has said Group Income Protection (IP) declinature figures for 2012, were down from 2.2% in 2011 to 0.8 in 2012.

Legal and General has added a face-to-face counselling service to its group income protection (group IP) proposition in a bid to further tackle stress management.

The Money Advice Service (MAS) is working on "difficult" plans to measure take-up and success of simple protection products.

Legal and General is considering shortening its early notification period to just 10 days for group income protection customers.

PPI controversy, opaque financial services and lack of trust in the industry are key barriers to widespread apathy about insurance protection, pensions and savings, Zurich has warned.

Zurich paid out nearly £14m in income protection claims, to 765 customers, in 2012.

All Canada Life's group income protection clients will now have access to its rehabilitation and on site claims team, nearly doubling the amount of employees covered.