Coronavirus exclusion for IP 'understandable'

On Friday, income protection provider Holloway Friendly added an exclusion for coronavirus to new applications for policies with a one-week deferred period. The Income Protection Task Force (IPTF) said: "It is understandable that some insurers are beginning to apply exclusions for COVID-19 on new income protection policies, typically those with very short deferred periods, such as one week." The IPTF said it important to remember that existing customers are not impacted - and added that as it stands the majority of new IP policies will also not be impacted as the deferred period will ...