Third most common claims reason
According to income protection (IP) mutual Holloway Friendly, accident injury accounted for 27% of its claims during 2018, musculoskeletal represented 24% and mental health issues were the third most common reason, making up 7%. Across all claims made last year, the average length one year and four months, while the mutual's longest claim in its history is 20 years and six months. The claims data also revealed that the average annual claims payment was £10,800 and the average age was 44 years...
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‘Don’t just insure the golden egg’
‘Building Financial Resilience of Households in the Private Rented Sector’