Matt Pitcher, Towry Law

Inevitably, if this type of cover does completely disappear or survives so that it only covers a few high-risk conditions, then this may prompt people to seek alternative forms of protection. IP should not, however, be viewed as a replacement for CI because each product provides for different needs and benefits. CI pays a lump sum on diagnosis of a range of serious illnesses. It could be described as life cover that pays out in advance of death and is valuable in providing people with financial help at a time of major upheaval. In contrast, IP steps in and continues to pay someone a 'sa...