Income protection needs total reform - Swiss Re

Findings of the 42-page Swiss Re Term and Health Watch 2006 report reveal sales of protection policies across all product sectors were down 10% in 2005 compared with 2004, albeit the sums assured are tending to increase. Swiss Re is predicting the whole of life market sector, which has tended to see most of its sales come through direct offer in recent years, could see reinvigorated interest as a result of changes to IHT rules and the need for improved trust planning, despite a fall in sales again this year. At greatest risk, however, is the income protection market, says Swiss Re, and “n...