Uncertain times boost appetite for protection

PROTECTION

clock

Ian Smart of Bright Grey and Scottish Provident on what is driving demand for non-mortgage-related term assurance.

Critical illness policies were originally sold with the intention of providing financial protection to individuals following the diagnosis or treatment of an illness deemed critical. The benefits received could be used to fund the costs of the care and treatment, pay for recuperation aids, replace any lost income due to a decreasing ability to earn; or even enable a change in lifestyle. In the UK critical illness cover originally gained most support as an add-on to mortgage related endowments allowing people to repay their mortgage if diagnosed. But with the demise of this market, it ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Winning back trust: How advisers rebuild client relationships after a breakdown

Winning back trust: How advisers rebuild client relationships after a breakdown

‘I think we need to be better’

Sahar Nazir
clock 04 August 2025 • 5 min read
PensionBee petitions government on ten-day pension switch guarantee

PensionBee petitions government on ten-day pension switch guarantee

Calls for action on pension transfer delays

Sahar Nazir
clock 04 August 2025 • 2 min read
Professional Adviser TV: Growth of MPS market 'dependent' on FCA's retirement review

Professional Adviser TV: Growth of MPS market 'dependent' on FCA's retirement review

Advisers moving away from ‘one size fits all' MPS solution

Professional Adviser
clock 01 August 2025 • 1 min read