Income Protection

Data from nine members of AFM indicates "higher than the industry average" stats from mutual insurers

Mental health-related claims, up 2%, were the 5th most common

A policy to cover individuals unable to work due to illness, accident or injury

Scottish Widows' Johnny Timpson highlights the need - and opportunity - to provide protection for self-employed workers and those with short-term contracts.

Benefits also include family carer, recuperation and trauma support as well as death benefit and terminal illness payment.

Hinged on promises to modernise and simplify protection, the new insurer will focus on life, critical illness cover and income protection under the 200-year-old Guardian trading title.

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'.