Whole of Life

Aegon UK has launched a whole of life protection plan which offers the ability to place the policy in a discretionary trust at application.

Figures showing insurance companies declined fewer than 3,500 of more than 102,000 protection claims last year "shatter the illusion" that providers don't pay, according to stakeholders.

Research business Defaqto has added whole-of-life protection policies to its star ratings service.

Aviva has launched a specialist protection team to offer a tailored service for protection cases with high levels of cover and large premiums.

Aegon UK is proposing to make the role of protection distribution director redundant and has announced the exit of its head of protection proposition as part of wide-ranging changes to its protection unit.

Legal & General (L&G) is increasing the underwriting limits across its life insurance and critical illness (CI) products among other changes to its protection proposition.

The challenge for protection insurers in today's market is to adapt their approach so products are "bought, not sold", a report by Swiss Re concludes.

PROTECTION WATCH

Legal & General (L&G) has simplified its underwriting processes for advised clients applying for life insurance, saying some 80% of applicants can now expect an immediate decision.