Advisers shunning life and critical illness cover sales - research

Hannah Godfrey
clock
Advisers shunning life and critical illness cover sales - research

Almost three-quarters (72%) of advisers believe there is a growing threat people will not have enough life insurance and critical illness cover as fewer intermediaries are selling it, research suggests.

Data from new life and protection firm Specialists4Protection.co.uk identified 8% of advisers saying they had stopped selling life insurance to their clients over the last five years, while 3% planned to do so within the next 12 months. A further 5% said they intended to stop selling life insurance "at some stage in the future". The corresponding figures for critical illness cover were 8%, 5% and 11% respectively. The research found the main reason for advisers wanting to stop selling l...

To continue reading this article...

Join Cover

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around Covid-19, regulation, diversity and mental health.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Insurer

Insurance complaints topped 33,000 in 2021: FOS

Insurance complaints topped 33,000 in 2021: FOS

“Authorised” scams increased to 9,370 complaints

Hemma Visavadia
clock 28 June 2022 • 1 min read
National Friendly partners with Cruse Bereavement Support

National Friendly partners with Cruse Bereavement Support

Chosen Charity of the Year

Hemma Visavadia
clock 24 June 2022 • 1 min read
The COVER Review June 2022: Pride, Sandy's Story, Consumer Duty and IP for Gen Z

The COVER Review June 2022: Pride, Sandy's Story, Consumer Duty and IP for Gen Z

Now available for members to watch

John Brazier
clock 23 June 2022 • 1 min read