Income Protection

A policy to cover individuals unable to work due to illness, accident or injury

Cirencester Friendly has paid 94.7% of income protection claims submitted in 2017, totalling £4.4m in sick pay benefit.

British Friendly is trialling 'Immediate Support Payment' for claims received on income protection policies that have been in force for at least three months.

Cirencester Friendly, has appointed Paul Shepherd to the newly created role of 'key account manager'.

British Friendly has announced its paid claims percentages for the last twelve years.

Holloway Friendly has paid 97% of claims in Q4 2017 and 96% of claims in 2017 overall after significant changes made to the friendly society's claims payments over the past year.

LV= has made changes to its management team as a result of changes to its protection and retirement business, COVER can exclusively reveal.

A new report from Zurich has revealed some worrying numbers on the extent of the income protection gap in both the UK and around the world. Gary Shaughnessy takes a closer look at some of the findings

Some 3.2 million working couples are 'double income, no option' (DINO) households, according to research by LV=. This means they are reliant on two incomes to make ends meet, and would struggle to cope if they lost one.

LV= is hosting a series of webinars for advisers looking at the financial resilience of specific customer groups, and how advisers can help them.