Group Protection

Selling group products on price will leave advisers open to client poaching, writes Paul Avis. So, are group risk advisers operating a smart business model?

Friends Life paid 90% of claims under its critical illness plans last year., 1,565 claims admitted and processed out of 1,733.

Legal & General paid a total of £441 million combined death and critical illness claims in 2011, up from £373 million in 2010 and a new record for the firm.

The Government is set to curb welfare bills by £10bn over the next four years.

Budget 2012 statement by the Chancellor of the Exchequer, the Rt Hon George Osborne MP

Employers are failing to get to grips with sickness absence and many are unaware of their current absence levels and the associated costs.

Too many employers are not offering income protection to their employees and their families according to research from Jelf Employee Benefits.

PruProtect has called for a discussion on how to treat those who do not naturally fit into own occupation underwriting for income protection.

Aviva paid more than £439m to its life and critical illness (CI) customers in 2011, a total of 99%, making payments for 10,495 life claims and 1,568 CI claims.

MetLife is re-launching its group life protection product as part of the ongoing expansion of its employee benefits business.