From the scrapheap to Seven Families, surveying 15 years of income protection
The year 2019 was hopefully a seminal one for the individual income protection (IP) market, with sales reaching their highest level since records began*, the number of claims paid also at an all-time high and the air of an industry that's genuinely trying to do some good. But it wasn't always so... Once upon a time - way back when the product was better known as permanent health insurance (PHI) - some insurers thought they could have their cake and eat it. Several people interviewed for this...
‘Do you remember… Seven Families?’ returns
'One of those unsung heroes of our industry'
'We need to pick up the pace'
'The real scare story is our society's lack of financial resilience'
Covid exclusion applies