Timpson warns of dangers associated with joint life policies

Can contribute to economic and domestic abuse

Hemma Visavadia
clock • 2 min read

The protection industry needs to stop writing policies on a joint life basis, said Johnny Timpson OBE, principal of Johnny Timpson Consulting.

Speaking during the ProtectX Live session during the Protection Review 2022 conference, Timpson warned that joint life policies have been found to be contributing factors to both domestic and financial abuse. The abuse often presents itself and occurs in the context of intimate partner violence, Timpson explained, which may involve control over a partner or ex-partners money and finances, as well as things that money can buy. The UK insurance industry needs to realise that this issue goes beyond just banks, said Timpson, who stated that the UK insurance industry is falling behind in t...

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