Drewberry launches protection payout rate awareness campaign

The firm said payouts from protection had increased markedly over the past decade but the public still had the impression that "payout rates are truly appalling". The firm has launched a survey asking what percentage of claims they believe were paid in 2015. After giving their answers respondents are shown the real payout rate which is far higher. Last year's survey revealed people thought 50% of life insurance claims were paid out by insurers. This contrasts to official statistics from the Association of British Insurers (ABI) which reported that 98.2% of all term life insurance clai...