Q3 protection sales increase by £10.5 million

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Protection insurance sales in Q3 2016 jumped by 8.2% (£10.5 million) to £139.3 million according to analysis from Equifax Touchstone.

Year on year, overall protection sales have soared 25.9% (£28.6 million), the research found. The data, which is collated from over 90 major product providers, with inputs from more than 11,000 advisers, revealed that critical illness policies grew most during the quarter with a rise of 15.0% to £3.8 million. Decreasing term with critical illness and mortgage term followed closely behind, with increases of 12.8% (£1.0 million) and 11.7% (£2.5 million). Sales of term assurance and term policies...

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