Income Protection

LV= has signified its intent to become the cheapest income protection (IP) provider by reducing prices for the next three months.

Protection provider Unum received a broadly positive reaction on Twitter to its upbeat adverts for income protection, aired last night, in stark contrast to the wave of criticism levelled at larger rival Aviva for its shock-tactic ads.

Unum has become the second insurer to use ITV's Downton Abbey to promote the importance of income protection (IP).

The project to bring about an income protection (IP) quality standard (QS) has been abandoned.

Complaints about critical illness (CI) have spiked sharply over the last six months, the FSA has reported.

The Disability Benefits Consortium (DBC) has produced a ‘myth buster' factsheet issuing a stark warning for potential future claimants about the realities of the impending welfare reforms.

Just one quarter of people in employment prior to successfully claiming Employment and Support Allowance (ESA) had returned to work 18 months later, the Department for Work and Pensions (DWP) has found.

Almost 30 million protection policies were in force last year with consumers receiving over £32m per day in benefits, according to the ABI.

Subscribers to the Protection Review believe the industry should address perceived problems with Activities of Daily living (ADL) & Activities of Daily Working (ADW) definitions for income protection policies.

A buyers' guide to short-term income protection (IP) and mortgage payment protection insurance (MPPI) has been launched to assist consumer awareness of the products.