Why mortgage clients need income protection
'The risks for going off work sick are far higher than dying or becoming critically ill'
That far more life and CI cover is taken out by mortgage applicants compared to IP is a 'strange paradox'
Could it be possible that the protection industry might have made a mistake? What I'm talking about is the phrase ‘mortgage protection'. When you say the words ‘mortgage protection' what protection insurance do you instinctively think of? You're probably thinking of life cover? Critical illness cover? Or perhaps decreasing term assurance? These are all insurance products that provide a lump sum to repay the mortgage in full should one of the mortgagors die or suffer a critical illness during...
More on Income Protection
Seven Families: The true value of additional support services
‘Do you remember… Seven Families?’ returns
Richard Kateley named IPTF Champion of the Year
'One of those unsung heroes of our industry'
Tom Baigrie: 'Insurers and distributors are failing to market IP'
'We need to pick up the pace'
Steve Bryan: Discussing income protection does not have to be scary!
'The real scare story is our society's lack of financial resilience'
LV= reintroduces short deferred periods for IP
Covid exclusion applies
