Income protection to hit 20% of Openwork sales in 2021

Year-on-year growth since 2014

John Brazier
clock • 1 min read
Income protection to hit 20% of Openwork sales in 2021

Sales of income protection are set to account for 20% of all The Openwork Partnership’s protection sales this year.

Openwork stated that sales of income protection have grown year-on-year since 2014, with the results of 2021 down to its "network-wide drive" to support advisers. Its "in-house dedicated" Protection Challenge Team was established as part of Openwork's "data-driven focus" on supporting mortgage, wealth and protection advisers to enter new markets and offer new products. Total claims paid out for life and critical illness were £88.3 million for around 1,200 claims last year across the network,...

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