Almost three-quarters (72%) of advisers believe there is a growing threat people will not have enough life insurance and critical illness cover as fewer intermediaries are selling it, research suggests.
Data from new life and protection firm Specialists4Protection.co.uk identified 8% of advisers saying they had stopped selling life insurance to their clients over the last five years, while 3% planned to do so within the next 12 months. A further 5% said they intended to stop selling life insurance "at some stage in the future". The corresponding figures for critical illness cover were 8%, 5% and 11% respectively. The research found the main reason for advisers wanting to stop selling life...
Zurich has launched a 'selfie' app called FaceQuote which estimates how much life cover someone might need.
The official supplement of this year's COVER Excellence Awards is available to read now as an eBook.
Child cover within critical illness plans has assumed a far greater importance in recent years, writes CIExpert's Alan Lakey.
Holloway Friendly has widened its new online underwriting process allowing protection advisers to write both full and short term income protection business in minutes.