Income Protection

Should those with exclusions in income protection policies get a discount? Joan Coverson and Chris Ball explain the complexities

My client, Sarah, is a 43-year-old office administrator and single mother whose daughter, Jane, has severe spina bifida.

The reinsurer has reported an increase in sales of new term assurance, critical illness and whole life insurance in 2009, while income protection sales fell. However, the ‘Protection Gap' has widened further.

Roy McLoughin of Master Adviser will be the keynote speaker at the next Income Protection Taskforce Roadshow.

Which? has endorsed income protection (IP) as the superior alternative to payment protection insurance (PPI).

Iain Duncan Smith, the Secretary of State for Work and Pensions, has vowed to press ahead with the previous Labour government's plan to review the work capability of all 2.5 million people claiming incapacity benefit.

Bupa has expanded its individual income protection (IP) offering.

Cirencester friendly increased its net earned premiums by 11.2% to £11.4m last year.

Private medical insurance (PMI) complaints to the Financial Ombudsman Service (FOS) increased by 27% last year.

LV= has added guaranteed insurability options, back to work support and career break options to its Income Protection (IP) offering.