Income Protection

The aging workforce is causing a tightening in insurer group terms, a group risk specialist has said.

Income protection needs to strip out the state benefits element if the product is to move upwards, a consultancy firm has stated.

The Income Protection Task Force has planned to launch a consumer charter as part of a three-point plan for income protection.

So we heard from British Friendly recently that income protection (IP) sales are not benefiting from the gender change opportunity. Advisers have reported similar, but that life is tracking the opposite trend.

Educating consumers on the importance of income protection is a job for government and industry-led campaigns, advisers have said.

Ellipse has launched its second group income protection product - this time focusing on bonuses for absence reduction and early notifications.

Legal and General has been challenging employers to do more about mental health in the workplace following a visit from Labour party leader Ed Miliband.

Exeter Family Friendly has made its income protection available through Capita Financial Software's adviser portal Webline.

Friends Life has announced enhancements to its Group Income Protection (Group IP) policy.

No longer just an insured benefit, group IP is making waves with a range of additional features and is set to benefit from auto-enrolment and changes to the default retirement age. Nicola Culley finds out why it could be a gold mine for advisers.