Pinning its colours firmly to the mast protection provider Bright Grey has pitched its view of the demise of CI offerings by noting it may not be such a bad outcome after all.
That is because CI cover on its own may never be enough to protect people against the loss of income in cases of ill health, Bright Grey (BG) says. If it is sufficient funds to live on that is the goal, then consumers need to aquire more income protection rather than CI cover, says Roger Edwards, products director at the Edinburgh-based company. His argument is based on comparing the ongoing income received from a revenue generating investment made with the proceeds of a CI policy against the payments that would come from an IP policy. For example, an individual paid the average lu...
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