A DVD promoting income protection (IP) cover and made available to advisers may come under the FSA's spotlight after it evoked memories of a controversial video banned for its "scaremongering" tactics.
The Day Our Lives Changed was this week unveiled by provider LV= and tells the true story of the impact a car crash had on the family of a former broker who had no IP. It has reminded advisers of a video widely referred to as The Widow’s Story - a fictional account illustrating the potential consequences of failing to buy protection - which was banned shortly after the FSA replaced the SIB in 1997. Advisers and protection salesmen commonly showed The Widow’s Story to potential customers. LV= describes its eight-minute DVD, which will also be available online, as “a scary but not a scarem...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes