Income Protection

Policy exclusions and trust are secondary to cost as barriers to protection purchase, Mintel and Global Market Insite (GMI) statistics have shown.

Women and people aged 25-34 are saving a larger proportion of their income than men and older people, National Savings & Investments says.

Unum has launched a website to help advisers communicate the benefits of income protection to clients.

Welcome to the Autumn issue of Healthy, Wealthy & Wise. The special supplement can be a helpful aid for advisers in trying to build client understanding of protection. This issue is very focused on income protection and workplace benefits.

PruProtect has enhanced its income protection cover for NHS doctors.

Unum is optimistic the Money Advice Service (MAS) will still be a strong contender to distribute the recent steering group-proposed simple products, despite recent troubles.

Insurer growth will not be about products but rather distribution individuality, RGA said at its conference yesterday.

The widening critical illness protection gap will only get worse but there will be no easy answer, reinsurer RGA has said.

LV= has agreed a five-year protection advice partnership with RAC.

The proportion of pure protection advised sales has risen to 91% but standalone critical illness has declined significantly, FSA data has reported.