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...
British Friendly has become the first insurer to complete the new Disability Confidence & Awareness training by Disability Rights UK (DRUK).
Old Mutual Wealth will help people meet the escalating cost of funerals by advancing payment of the sum assured up to £10,000 across several products including its Protect range.
Defaqto has released a guide for advisers, sponsored by Aegon, which provides information on business and personal protection for small business owners.
Fiona Murphy meets Tim Stoves, managing director of Canada Life Group Insurance.