Scottish Widows has denied expectations that October 2014 is the set date for return to protection markets, although it said it was still ‘on track' for re-entry in late 2014 to early 3015.
Aviva and Legal and General are among the six insurers that have agreed to collectively invest £25bn in UK infrastructure over the next five years.
More than half of companies (55%) would fail if they lost one or more key people to illness, incapacity or death, yet just one in five companies have protection, according to Scottish Widows.
The first modern day critical illness policy was launched in South Africa thirty years ago, developed by heart surgeon Dr Marius Barnard.
Scottish Widows has published details of its life and critical illness (CI) claims with an average of nearly £4 million paid out every week during 2012.
Scottish Widows has increased its commitment to returning to the intermediary market by appointing a new head of intermediary protection propositions.
Scottish widows has warned that over half (52%) of the UK population is reliant on a single income in order to make ends meet for their family.
If commission was abolished for protection plans, what would be the result? Would the customer benefit? Perhaps not, finds Alan Lakey.
In the latest of a series exploring the finer points of critical illness protection, CIExpert's Alan Lakey examines children's cover/
Tenet has launched a ‘Graduate Foundation College' pilot pre-employment and internship programme.