Self-employed IP dubbed 'unfair'

Speaking at the Protection Review conference at London’s Café Royal on Wednesday, Lakey said self-employed customers should receive a £15,000 minimum income from their income protection plan. He tells IFAonline it is ‘blatantly unfair’ most providers do not offer self-employed customers a minimum income while stay-at-home or ‘housewife’ customers can receive a £15,000 income if they become ill to pay for cleaning staff. He says: “They’ve agreed to pay a house person [£15,000], why can’t they pay that to a self-employed person?” Most income protection plans offer self-employed people a ma...