Most small firms are failing to protect themselves against the threat of losing a key worker despite worrying about its impact, new research has found.
LV has overhauled its income protection (IP) and critical illness (CI) offerings, including extending coverage on both to age 70.
Defaqto believes the onus is on insurers to make the new ABI critical illness (CI) statement of best practice a success.
Purchasing property is the top trigger for clients to take out protection, a survey of IFAs has revealed.
LV= has improved its claims paid figures for both critical illness (CI) and income protection (IP) during last year.
LifeSearch has revealed it arranged £4bn worth of cover and saw a 10% increase in the number of under 35-year-olds who took out protection products last year.
The ABI has published its latest update to the critical illness (CI) statement of best practice which it hopes will improve customer understanding of the product.
The FSA expects protection and health insurance to be among the most likely product areas affected if the European Court of Justice (ECJ) rules that gender based pricing is illegal.
Protection and medical insurance complaints are on course for a significant drop in volume during 2010/11, according to the latest statistics released by the Financial Ombudsman Service (FOS).
Following on from the introduction of sales guidelines for critical illness, COVER's sister title Mortgage Solutions has asked the industry if advisers need increased guidance in selling protection.