Income Protection

Unum has ceased writing new business in the individual critical illness (CI) market.

Defaqto has said it believes short term income protection (IP) products are likely to become the replacement for payment protection insurance (PPI).

The fit note is not reducing absence yet as sickness time off increased to 190 million lost working days at a cost of £17bn to employers last year, the Confederation of British Industry (CBI) has said.

Cirencester friendly has increased both premium income and membership in the last year.

Is the public really unaware of protection products and their benefits?

More than half of UK adults hold no life insurance despite being highly aware of the importance of having it and other protection products, according to research.

Nationals round-up: Interest rates are on the agenda this week while clients may also be taking an interest in income protection, private banking and cars.

The government has vowed to press ahead with reform of the welfare state as its latest statistics show less than a quarter of those applying for Employment and Support Allowance (ESA) are successful.

Employers underestimate the importance of the benefits they offer staff after new research revealed half of employees would move jobs for better benefits.

Nationals round-up: House prices could be a worry over the next few years, while income protection is back on the agenda...