Request for reduced rates on IP exclusions

There have been calls for exclusions on income protection (IP) policies to be accompanied by discounted premiums, writes Peter Carvill. Protection specialist LifeSearch said with underwriting for the product being "naturally harsher" than with other protection products, reduced comprehensiveness in cover should be matched by lower premiums for those customers forced to take policies with exclusions. Matt Morris, senior policy adviser at the intermediary firm, claimed that the issue was one that many advisers had problems with. He said: "The problem with exclusions is that although compr...