Professional Adviser www.professionaladviser.com Tom Baigrie: 'Insurers and distributors are failing to market IP' <p><!--summary start--> Following the success of Seven Families, it is time for another industry-wide campaign, writes LifeSearch chief executive Tom Baigrie <!--summary end--></p> https://www.professionaladviser.com/opinion/4023341/tom-baigrie-insurers-distributors-failing-market-ip https://www.professionaladviser.com/opinion/4023341/tom-baigrie-insurers-distributors-failing-market-ip Mon, 16 Nov 2020 12:05:38 +0000 L&G paid out almost £300m for group protection in 2018 <p><!--summary start--> Legal & General has revealed that it paid a total of £292m in group protection claims in 2018. <!--summary end--></p> https://www.professionaladviser.com/news/3075349/-paid-gbp300m-income-protection-2018 https://www.professionaladviser.com/news/3075349/-paid-gbp300m-income-protection-2018 Thu, 9 May 2019 11:44:00 +0000 'One in five' UK businesses lack expertise to manage absence <p><!--summary start--> YouGov research published by Zurich has revealed that 22% of British businesses lack expertise when managing workplace absence, leaving them exposed to losing of key staff members and to lost productivity. <!--summary end--></p> https://www.professionaladviser.com/ https://www.professionaladviser.com/ Mon, 4 Feb 2019 17:32:32 +0000 L&G launches income protection adviser hub <p><!--summary start--> Legal & General has launched a hub for financial advisers that is dedicated to income protection. <!--summary end--></p> https://www.professionaladviser.com/news/3066234/-launches-income-protection-adviser-hub https://www.professionaladviser.com/news/3066234/-launches-income-protection-adviser-hub Mon, 12 Nov 2018 17:40:25 +0000 One in eight would need to sell home without income - Zurich <p><!--summary start--> More than half of UK adults (53%) have had to take unplanned leave from work through injury, sickness or unemployment, yet do not have financial backing in case it happens again, according to research by Zurich. <!--summary end--></p> https://www.professionaladviser.com/news/3063037/-sell-home-income-zurich https://www.professionaladviser.com/news/3063037/-sell-home-income-zurich Wed, 19 Sep 2018 11:23:23 +0000 British Friendly extends wills and power of attorney service <p><!--summary start--> Mutual British Friendly has made its free will-writing and power of attorney service available to the partners, spouses, parents and children of its members. <!--summary end--></p> https://www.professionaladviser.com/news/3062720/british-friendly-extends-wills-power-attorney-service https://www.professionaladviser.com/news/3062720/british-friendly-extends-wills-power-attorney-service Thu, 13 Sep 2018 12:00:46 +0000 Income Protection Task Force launches dedicated website <p><!--summary start--> The Income Protection Task Force (IPTF) has launched a website dedicated to raising awareness around income protection as part of its plans for 2018/19. <!--summary end--></p> https://www.professionaladviser.com/news/3060884/iptf-launches-income-protection-website https://www.professionaladviser.com/news/3060884/iptf-launches-income-protection-website Thu, 9 Aug 2018 13:58:00 +0000 Zurich pays 91% of group income protection claims in 2017 <p><!--summary start--> Zurich has announced it paid out 91% of new group income protection (GIP) claims ­in 2017 - with average annual benefits of £26k. During the same period, 99% of group life claims were paid by the insurer. <!--summary end--></p> https://www.professionaladviser.com/news/3036201/zurich-pays-91-income-protection-claims-2017 https://www.professionaladviser.com/news/3036201/zurich-pays-91-income-protection-claims-2017 Thu, 19 Jul 2018 12:26:06 +0000 Justin Harper: The mental strain of financial health <p><!--summary start--> LV='s Justin Harper talks through the virtues of income protection as a financial safety net for those facing mental health problems <!--summary end--></p> https://www.professionaladviser.com/opinion/3032518/justin-harper-mental-strain-financial-health https://www.professionaladviser.com/opinion/3032518/justin-harper-mental-strain-financial-health Thu, 17 May 2018 11:21:40 +0000 The great income protection v mental health impasse <p><!--summary start--> As Mental Health Awareness Week starts, Suzanne Clarkson explores what the individual income protection (IP) market can learn from their group counterparts when it comes to supporting people with mental health issues <!--summary end--></p> https://www.professionaladviser.com/feature/3032273/-ip-vs-mental-health-impasse https://www.professionaladviser.com/feature/3032273/-ip-vs-mental-health-impasse Mon, 14 May 2018 16:20:00 +0000 British Friendly launches 'Immediate Support Payment' trial <p><!--summary start--> British Friendly is trialling 'Immediate Support Payment' for claims received on income protection policies that have been in force for at least three months. <!--summary end--></p> https://www.professionaladviser.com/news/3024561/british-friendly-launches-immediate-support-payment-trial https://www.professionaladviser.com/news/3024561/british-friendly-launches-immediate-support-payment-trial Tue, 16 Jan 2018 18:32:15 +0000 Holloway Friendly launches online underwriting process <p><!--summary start--> Holloway Friendly has launched an online underwriting process allowing protection advisers to write short-term income protection business "in minutes". <!--summary end--></p> https://www.professionaladviser.com/news/3020370/holloway-friendly-launches-online-underwriting-process https://www.professionaladviser.com/news/3020370/holloway-friendly-launches-online-underwriting-process Fri, 3 Nov 2017 10:55:35 +0000 Aviva launches 'simplified' income protection <p><!--summary start--> Aviva has launched a simplified income protection product called Living Costs Protection, which the insurer anticipates should prove "more affordable" for customers. <!--summary end--></p> https://www.professionaladviser.com/news/3019234/aviva-launches-simplified-income-protection https://www.professionaladviser.com/news/3019234/aviva-launches-simplified-income-protection Mon, 16 Oct 2017 12:19:47 +0000 Cirencester Friendly relaunches 'Income Assured Enhanced' <p><!--summary start--> Cirencester Friendly has relaunched the frim's Income Assured Plus product with new features after listening to member and adviser feedback. <!--summary end--></p> https://www.professionaladviser.com/news/3019157/cirencester-friendly-relaunches-income-assured-enhanced https://www.professionaladviser.com/news/3019157/cirencester-friendly-relaunches-income-assured-enhanced Fri, 13 Oct 2017 12:53:01 +0000 Royal London pays out in 97.3% of claims <p><!--summary start--> Royal London paid 97.3% of claims totalling more than £331m during 2016, according to the insurer's newly published claims statistics. <!--summary end--></p> https://www.professionaladviser.com/news/3011059/royal-london-pays-973-claims https://www.professionaladviser.com/news/3011059/royal-london-pays-973-claims Wed, 31 May 2017 15:28:27 +0000 Royal London removes age restrictions on IP cover <p><!--summary start--> Royal London has removed the age restrictions for all occupations under its income protection (IP) and key person income protection covers. <!--summary end--></p> https://www.professionaladviser.com/news/3009447/royal-london-removes-age-restrictions-ip-cover https://www.professionaladviser.com/news/3009447/royal-london-removes-age-restrictions-ip-cover Thu, 4 May 2017 09:17:40 +0000 Aviva releases first individual protection claims report <p><!--summary start--> Aviva has released its first individual protection claims report, which highlights the group paid out 96.7% of all individual protection claims in 2016. <!--summary end--></p> https://www.professionaladviser.com/news/3009429/aviva-releases-individual-protection-claims-report https://www.professionaladviser.com/news/3009429/aviva-releases-individual-protection-claims-report Wed, 3 May 2017 17:14:26 +0000 Half of working women have no protection insurance - Aegon <p><!--summary start--> Nearly half (48%) of working women in the UK do not have any form of protection in place according to the findings of Aegon's 'Protection Matters' report. <!--summary end--></p> https://www.professionaladviser.com/news/3006401/half-women-protection-insurance-aegon https://www.professionaladviser.com/news/3006401/half-women-protection-insurance-aegon Mon, 13 Mar 2017 18:06:18 +0000 Income protection should cover pension contributions, adviser says <p><!--summary start--> Providers of income protection should allow additional cover for pension contributions, similar to the group income protection and executive income protection, adviser firm Drewberry has said. <!--summary end--></p> https://www.professionaladviser.com/news/2464725/income-protection-cover-pension-contributions-adviser https://www.professionaladviser.com/news/2464725/income-protection-cover-pension-contributions-adviser Wed, 13 Jul 2016 11:31:00 +0000 Seven Families confirms project end date <p><!--summary start--> The Seven Families project, designed to demonstrate the real-life benefits of income protection, will come to an end on 31 July. <!--summary end--></p> https://www.professionaladviser.com/news/2460987/seven-families-confirms-project-date https://www.professionaladviser.com/news/2460987/seven-families-confirms-project-date Thu, 9 Jun 2016 11:11:02 +0000 Income protection: Do your clients know how much it costs to raise a child? <p><!--summary start--> The cost of raising a child now tops £230,000, according to research from provider LV=. Justin Harper outlines how to discuss the eye-watering figure with clients... <!--summary end--></p> https://www.professionaladviser.com/opinion/2448291/income-protection-clients-costs-raise-child https://www.professionaladviser.com/opinion/2448291/income-protection-clients-costs-raise-child Wed, 24 Feb 2016 10:08:00 +0000 British Friendly upgrades income protection application process <p><!--summary start--> Clients looking to take out income protection from British Friendly could be accepted immediately after the society improved its systems. <!--summary end--></p> https://www.professionaladviser.com/news/2446344/british-friendly-upgrades-income-protection-application-process https://www.professionaladviser.com/news/2446344/british-friendly-upgrades-income-protection-application-process Tue, 9 Feb 2016 15:37:49 +0000 How to secure income protection for diabetic clients <p><!--summary start--> Alan Knowles dispels the common misconception that you cannot secure income protection for people with diabetes <!--summary end--></p> https://www.professionaladviser.com/feature/2444016/-secure-income-protection-diabetics https://www.professionaladviser.com/feature/2444016/-secure-income-protection-diabetics Fri, 29 Jan 2016 15:52:00 +0000 British Friendly launches IP adviser 'quote & apply' system <p><!--summary start--> British Friendly has launched a 'quote & apply' system for advisers applying for income protection policies for their clients. <!--summary end--></p> https://www.professionaladviser.com/news/2436255/british-friendly-launches-ip-adviser-quote-apply https://www.professionaladviser.com/news/2436255/british-friendly-launches-ip-adviser-quote-apply Tue, 24 Nov 2015 11:42:39 +0000 Three odd FOS verdicts (and why advisers need to know about them) <p><!--summary start--> Financial adviser Alan Lakey confesses to a peculiar hobby: scouring Ombudsman decisions to understand its process. Here, he outlines three protection cases with arguable outcomes and urges his peers: make sure you take heed of FOS decisions... <!--summary end--></p> https://www.professionaladviser.com/opinion/2433925/-odd-fos-verdicts-advisers-about https://www.professionaladviser.com/opinion/2433925/-odd-fos-verdicts-advisers-about Mon, 9 Nov 2015 12:43:09 +0000 Aviva and L&G secure gold in new F&TRC protection ratings <p><!--summary start--> Protection providers Aviva, Bright Grey, Legal & General, and LV= are among those that have been awarded 'gold' in new ratings devised by research and consultancy firm F&TRC. <!--summary end--></p> https://www.professionaladviser.com/news/2431028/aviva-secure-gold-trc-protection-ratings https://www.professionaladviser.com/news/2431028/aviva-secure-gold-trc-protection-ratings Tue, 20 Oct 2015 11:05:50 +0000 Seven Familes protection campaign unveils seventh family <p><!--summary start--> The Seven Families protection campaign has revealed the seventh family to benefit from the project: the Knights from Newcastle. <!--summary end--></p> https://www.professionaladviser.com/news/2421680/seven-familes-protection-campaign-unveils-seventh-family https://www.professionaladviser.com/news/2421680/seven-familes-protection-campaign-unveils-seventh-family Wed, 12 Aug 2015 08:32:44 +0000 Protection Watch: Five key developments all advisers should know <p><!--summary start--> Our protection detective Kevin Carr examines five important developments in the world of protection and offers his verdict: 'Promising lead' or 'Back to the lab'... <!--summary end--></p> https://www.professionaladviser.com/feature/2418837/protection-watch-key-developments-advisers https://www.professionaladviser.com/feature/2418837/protection-watch-key-developments-advisers Thu, 23 Jul 2015 07:21:43 +0000 'Pay more commission' protection plea made <p><!--summary start--> Protection providers should pay intermediaries more commission to help the industry experiment and grow, according to the founder of a comparison service. <!--summary end--></p> https://www.professionaladviser.com/news/2417980/pay-commission-protection-insurance-plea https://www.professionaladviser.com/news/2417980/pay-commission-protection-insurance-plea Tue, 21 Jul 2015 12:21:00 +0000 Legal & General adds 'second medical opinion' option across protection range <p><!--summary start--> Legal & General is offering new protection customers the opportunity of obtaining an independent second opinion on their condition, should they need to make a claim. <!--summary end--></p> https://www.professionaladviser.com/news/2417846/legal-adds-medical-opinion-option-protection-range https://www.professionaladviser.com/news/2417846/legal-adds-medical-opinion-option-protection-range Wed, 15 Jul 2015 12:46:14 +0000 Friends Life enhances income protection plan <p><!--summary start--> Friends Life, now part of the Aviva Group, has announced enhancements to its Protect+ income protection proposition, including improved guaranteed benefits. <!--summary end--></p> https://www.professionaladviser.com/news/2417199/friends-life-enhances-income-protection-plan https://www.professionaladviser.com/news/2417199/friends-life-enhances-income-protection-plan Fri, 10 Jul 2015 09:03:19 +0000 Protection Watch: Kevin Carr's verdicts on five recent developments <p><!--summary start--> Professional Adviser's protection detective Kevin Carr delivers his verdicts on five key developments in the protection space in the last month... <!--summary end--></p> https://www.professionaladviser.com/feature/2412945/protection-watch-kevin-carrs-verdicts-recent-developments https://www.professionaladviser.com/feature/2412945/protection-watch-kevin-carrs-verdicts-recent-developments Mon, 15 Jun 2015 16:45:12 +0000 Advisers urged to summon spirit of Tolkien to boost protection sales <p><!--summary start--> Masterful storytelling is advisers' most powerful tool to boost take-up of protection insurance among clients, according to an expert. <!--summary end--></p> https://www.professionaladviser.com/news/2409841/advisers-urged-summon-spirit-tolkien-boost-protection-sales https://www.professionaladviser.com/news/2409841/advisers-urged-summon-spirit-tolkien-boost-protection-sales Fri, 22 May 2015 13:10:12 +0000 Protection Watch: Five key developments all advisers should know <p><!--summary start--> Our protection detective Kevin Carr examines five important developments in the world of protection and offers his verdict: 'Promising lead' or 'Back to the lab'... <!--summary end--></p> https://www.professionaladviser.com/feature/2408159/protection-watch-key-developments-advisers https://www.professionaladviser.com/feature/2408159/protection-watch-key-developments-advisers Tue, 12 May 2015 14:26:15 +0000 Aviva offers advisers extra commission in revamped protection service <p><!--summary start--> Aviva has updated its protection offering, allowing multi-product quotes for the first time, live case tracking and a promise of 10% extra commission for advisers using its 'interactive' underwriting mode. <!--summary end--></p> https://www.professionaladviser.com/news/2404510/aviva-offers-advisers-extra-commission-revamped-protection-service https://www.professionaladviser.com/news/2404510/aviva-offers-advisers-extra-commission-revamped-protection-service Fri, 17 Apr 2015 10:30:00 +0000 Network to compel advisers to confirm own income protection cover <p><!--summary start--> Mortgage adviser network Pink Home Loans is to ask intermediaries wishing to join the group to provide proof they have an income protection (IP) policy, or to explain their reasons for not being covered. <!--summary end--></p> https://www.professionaladviser.com/news/2399280/network-compel-advisers-confirm-income-protection-cover https://www.professionaladviser.com/news/2399280/network-compel-advisers-confirm-income-protection-cover Thu, 12 Mar 2015 09:35:20 +0000 MP: Protection now a 'toxic' word after PPI scandal <p><!--summary start--> The public may view all protection products as "toxic" following the payment protection insurance (PPI) mis-selling scandal, according to the chairman of the All Party Parliamentary Group for Insurance and Financial Services. <!--summary end--></p> https://www.professionaladviser.com/news/2396964/mp-protection-toxic-word-ppi-scandal https://www.professionaladviser.com/news/2396964/mp-protection-toxic-word-ppi-scandal Wed, 25 Feb 2015 13:58:05 +0000 Protection Watch: Kevin Carr's verdicts on five recent developments <p><!--summary start--> Professional Adviser's protection detective Kevin Carr delivers his verdicts on five key developments in the protection space in the last month... <!--summary end--></p> https://www.professionaladviser.com/opinion/2393805/protection-watch-kevin-carrs-verdicts-recent-developments https://www.professionaladviser.com/opinion/2393805/protection-watch-kevin-carrs-verdicts-recent-developments Thu, 5 Feb 2015 09:17:12 +0000 Mortgage network commits advisers to discuss income protection with clients <p><!--summary start--> Mortgage network Pink has said all its intermediaries will now discuss income protection with clients from the first meeting onwards. <!--summary end--></p> https://www.professionaladviser.com/news/2393666/mortgage-network-commits-advisers-discuss-income-protection-clients https://www.professionaladviser.com/news/2393666/mortgage-network-commits-advisers-discuss-income-protection-clients Wed, 4 Feb 2015 12:29:56 +0000