COVER senior reporter, Jaskeet Briah speaks to Alan Knowles, managing director, Cura Financial Services, about securing full-term income protection (IP) for a vulnerable client.
A customer with issues related to mental health and a history of drug and alcohol problems contacted Cura in 2017, looking to secure protection. She had a previous life insurance policy in place, but she needed income protection (IP) as she ran her own company. Due to her history, mainstream IP providers would not cover her at the time, so Knowles secured accident, sickness and unemployment (ASU) cover - a short-term policy as it was guaranteed acceptance and secured some form of cover. The ASU policy would cover £2,000 pounds per month, at a premium of £88 per month when it was reviewed...
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