Protection product sales in Q2 2017 rose by 4.9% on the previous quarter, reaching £147.1 million, the highest level in five years, according to analysis from Equifax Touchstone.
Mortgage term policies grew most during the quarter, up by 20.7% on Q1 to £26.2 million. This was followed by critical illness policies which experienced a 15.0% increase to £4.5 million. In addition, income protection, decreasing term with critical illness, and relevant life policies all performed positively, with sales increasing by 11.1%, 10.0% and 8.7% respectively. Term and term with critical illness policies saw minor decreases in sales of 1.7% and 1.1% respectively. The data is...
The critical illness template is broken - so start with the premise that any condition which results in an agreed outcome deserves to be paid
Closing keynote address from multi-medal winning Paralympian plus full details of conference programme revealed
Four protection distributors with 60 adviser firms join 'test and learn' process before full market roll-out in six weeks
Gary Burchett, protection director at Scottish Widows, on heart disease and the 35th anniversary of critical illness cover