Income Protection

Simple products, commission removal on protection and universal applications were on the agenda yesterday in a Cover Forum panel debate.

Establishing a clear income replacement proposition in time for February's final Review of Simple Financial Products could be "unlikely", Swiss Re has said.

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.