Life must remain within a suite of products that includes critical illness and income protection Kevin Carr
Peter Le Beau, Le Beau Visage I used to work with an actuary who responded to every question we asked with the comment "It depends on what we are trying to achieve". Until recently, I had never used the line myself but I think the treatment of protection business depends on what the Financial Services Authority (FSA) is trying to achieve. If it is trying to group complex products that require advice in one group and commodity-type products in the other, it would be logical to divide up protection products with critical illness (CI) and income protection (IP), together with private medic...
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