Six in ten Britons do not have any protection in place and a third would be forced to drastically cut back on living costs should they or the main breadwinner be unable to work, according to new research.
Work Capability Assessments (WCA) for those claiming Employment and Support Allowance (ESA) are to be made ‘fairer' and ‘more effective' following an independent review.
Protection products will be ‘pivotal' to adviser firms' future prosperity, according to Sesame Bankhall.
More than a third of European workers would willingly sacrifice some of their pay for greater financial protection in the event of illness or injury, research suggests.
The number of online search enquiries by consumers for protection products has increased by 39% since the beginning of the year.
Canada Life has reduced the qualifying premium for group income protection (GIP) policyholders to receive its additional claims management service (CMS).
Bright Grey and Scottish Provident sales have declined by almost a fifth over the first three-quarters of the year.
Following the launch of its Twitter site, Canada Life has launched a range of information and product based webcasts.
The Association of Medical Insurance Intermediaries (AMII) would consider expanding to include protection advisers it has revealed.
Canada Life is adding a bereavement counselling service and dedicated probate helpline to all its group life schemes with immediate effect.