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

Third of adults have no end of life preparations

Third of adults have no end of life preparations

Aegon research findings

Jaskeet Briah
clock 09 March 2026 • 2 min read
Income protection held by 14% of UK adults: Iress

Income protection held by 14% of UK adults: Iress

19% were 'adequately' protected

Jaskeet Briah
clock 04 March 2026 • 2 min read
One in five homeowners review protection when remortgaging

One in five homeowners review protection when remortgaging

Remortgaging activity set to rise amid interest rate cuts

Jaskeet Briah
clock 02 March 2026 • 2 min read