Mortgages

The average life insurance payout in the UK is £51,500 which would only cover 62% of the average outstanding mortgage (£83,000), according to research from Sunlife.

A collaboration between Lifetime Group and technology providers iPipeline and Twenty7Tech has launched the UK's 'first fully integrated' mortgage and protection point of sale system.

Stonebridge Group, the mortgage and insurance network, has announced continued growth in protection activity and commission levels over the course of the last 12 months.

The Income Protection Task Force (IPTF) has backed Pink's new standard compelling every adviser in its network to discuss income protection with clients from their very first mortgage meeting.

Paradigm Mortgage Services has announced a series of events for advisers including best practice in the protection industry.

Network Mortgage Intelligence has sharpened its focus on protection sales by introducing critical illness comparison site CIExpert for its mortgage advisers to use.

The mortgage industry needs to ensure clients are protected with sufficient cover, The Premier Choice group protection seminar has warned.

Zurich has increased the maximum term for its critical illness cover from 30 to 40 years, in a bid to protect customers with longer mortgages and to reflect changing retirement patterns.

Some 64% of people who have moved up the property ladder in the past five years and have a bigger mortgage as a result, did not review their life insurance; research finds.

F&TRC has added Mortgage Protection for Life and Critical Illness Cover to its Quality Analyser for Protection comparison service.