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Newer policies offer longer terms
Following The Exeter last month
‘Time to set pensions on even course’
People are likely to be under-protected for the amount of mortgage debt they have, an analysis by Aegon of both the ABI's and its own latest protection claims statistics has suggested.
Term and decreasing-term offerings
Above industry averages
After almost five decades in protection
The Association of British Insurers (ABI) has changed its methodology for publishing protection claims stats with income protection claims payments experiencing a decrease compared with the previous way of reporting claims paid.
Maximum age of 70
96.7% of individual claims paid out
'Not necessarily bad news' - AMII
Support service packages
Flexibility to reduce premiums
Led by son of SEI's Brett Williams
'Confidence in protection is low' - Aegon
Youngest claimer just two years old
‘Promising lead' or ‘Back to the lab'?
Calls on advisers to use stats to promote protection
Labelled a ‘stealth tax’
Risk needs to be pooled
'Single point of reference'
True Potential has launched a range of protection products in partnership with Canada Life, which claims to provide advisers with "the first end-to-end service of its type".