Whole of life sales have plummeted following a change in non-investment linked marketing emphasis among providers, Swiss Re's Term and Health Watch 2013 has shown.
The Income Protection Task Force (IPTF) has said it is "delighted" by the recent publication of income protection (IP) claims statistics by insurance companies, and argued the move would boost consumer confidence in the market.
NFU Mutual has called for a review of life insurance policies to tackle high inheritance tax bills for bereaved families.
The market has seen a huge increase in awareness of HIV+ life assurance, as 78% of those with the condition are now aware of available cover, medical IFAs Unusual Risks has said.
Advisers have called for more detail and clarity around claims statistics, following the publication of income protection (IP) figures from Friends Life earlier today.
Friends Life increased critical illness payouts by £33million in 2012, paying nearly 90% of claims
Friends Life has announced its income protection (IP) claims statistics for the first time.
PruProtect has been confirmed as the title sponsor for a charity bike ride led by a former England cricket captain.
Legal & General (L&G) has seen a marked decline in lapsed policies across its protection product channels, which it partly put down to an ‘early warning system' it rolled out to advisers in 2006.
Legal & General has partnered with Unbiased.co.uk to form a campaign to tackle the UK's business protection gap with the help of advisers.