Individual Protection

Almost two-thirds (63%) of small, family-run businesses would not survive the loss of a key member of staff, according to Scottish Widows.

Pruprotect is launching an adviser based up-selling scheme to offer existing term assurance clients whole of life cover with no additional underwriting.

Half of insurers are now offering some form of HIV Life Assurance, up from 35% last year, according to medical financial advisers Unusual Risks.

Living on statutory sick pay (SSP) for just three months would result in significant financial hardship for the majority of UK workers and could even force some to move home, according to new research.

Ageas Protect has overhauled its critical illness (CI) product to include15 ABI+ condition definitions and extended its relationship with Best Doctors.

The Work and Pensions Secretary has vowed that employment and support allowance (ESA) claimants appealing their ineligibility decision will not have their benefit payments stopped.

Aviva and Legal & General are to provide life and general insurance products for Barclays Bank UK Retail customers.

Lifesearch is in final negotiations on a plan to offer clients general insurance products.

Ageas Protect has seen its protection business almost double over the first three quarters of the year although it is yet to reach profitability.

Group protection business at Friends Life dropped by more than half in the third quarter of the year while individual business slipped slightly compared to the previous three months.