Legal & General has released data showing the amount paid out on its individual protection products in 2016.
The figures show that £606m was paid out to policyholders for Critical Illness, Life, Terminal Illness and Income Protection claims, representing a £64m increase on 2015. Legal & General paid 98.6% of claims for Life, 95.9% for Terminal Illness, and 92.56% for Critical Illness. Over the last five years, the company has paid out £2.6bn in claims for Life, Critical and Terminal Illness. Mark Holweger, managing director, Legal & General Insurance (Partnerships), said: "We hope that advisers...
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.