Income Protection

The government has suffered a significant setback in its welfare reform agenda after the House of Lords defeated three of the coalition's main proposals.

With white papers due this year on long-term care (Dilnot Review), sickness absence and also the Treasury's work on simple products, how much explicit help (not just macro changes to benefits and the NHS) would you want the government to give the industry?...

Universal Provident has increased its maximum initial insurable benefit under LivingCare, its long term disability insurance policy, from £20,000 to £35,000 per annum.

With take up of sales in income protection (IP) by advisers so low, reflecting in low consumer sales, what could be done to the product to make it more attractive to IFAs, apart from increased commission?

The FSA is currently consulting on its guidance for payment protection insurance (PPI) and potential replacement products such as short-term income protection (STIP).

IFAs will now be able to compare, quote, and apply for LV='s budget income protection (IP) product through the Avelo Exchange.

Pacific Life Re has re-opened the debate surrounding need for protection to be made compulsory in some capacity after the government unveiled its mortgage indemnity guarantee scheme.

Better communication throughout the Employment Support Allowance (ESA) system and an audit of decision makers' rulings have been recommended by an independent review.

Unum has completed the roll-out of its fully electronic income protection (IP) application and underwriting process that means the vast majority of cases will be processed on the spot.

Half of all group income protection (GIP) claims are for conditions where definitive medical evidence is difficult or even impossible to obtain, Canada Life has said.