Income Protection

Cirencester Friendly has paid 94.7% of income protection claims submitted in 2017, totalling £4.4m in sick pay benefit.

British Friendly is trialling 'Immediate Support Payment' for claims received on income protection policies that have been in force for at least three months.

Over three million working couples are classed as 'double income, no option' (DINOs), which means they are vulnerable to financial ruin if one of the two loses their earnings. LV='s Justin Harper discusses how we can better safeguard those at risk.

Cirencester Friendly, has appointed Paul Shepherd to the newly created role of 'key account manager'.

British Friendly has announced its paid claims percentages for the last twelve years.

Holloway Friendly has paid 97% of claims in Q4 2017 and 96% of claims in 2017 overall after significant changes made to the friendly society's claims payments over the past year.

LV= has made changes to its management team as a result of changes to its protection and retirement business, COVER can exclusively reveal.

When there are children in a family, writes Steve Berry, it is especially important to think not just 'What if something happened to me?' but 'What if something happened to them?'

Some 3.2 million working couples are 'double income, no option' (DINO) households, according to research by LV=. This means they are reliant on two incomes to make ends meet, and would struggle to cope if they lost one.

Financial technology business IRESS saw a record-breaking month for protection new business in November, with 59,000 applications filled out compared with 49,000 12 months ago.