How can annual protection statements be implemented?

clock • 4 min read

F&TRC's Kirsty Tanner discusses how annual protection statements could work and the standards that insurers should consider adhering to.

There is widespread agreement on the importance of persuading more consumers to have sufficient protection insurance.  While insurers invariably focus on selling to new customers the adviser community is increasingly committed to making sure existing clients maintain the right cover.  Pressing insurers to provide annual protection statements is seen as a key objective. This is no new concept; many high profile individuals and firms have long campaigned on the issue. However, so far only a handful of insurers have started supplying statements. Recently the Protection Distributors Gr...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Individual Protection

ProtectZ morning round-up

ProtectZ morning round-up

"It's scary to think ahead to retirement age"

Jaskeet Briah
clock 19 June 2025 • 3 min read
Quarter of mid-lifers have sought advice: Royal London

Quarter of mid-lifers have sought advice: Royal London

Hold the most protection products

Jaskeet Briah
clock 17 June 2025 • 3 min read
NHS receives £29bn per year boost

NHS receives £29bn per year boost

Chancellor Rachel Reeves' Spending Review

Cameron Roberts
clock 11 June 2025 • 3 min read