Income Protection

LV has overhauled its income protection (IP) and critical illness (CI) offerings, including extending coverage on both to age 70.

Purchasing property is the top trigger for clients to take out protection, a survey of IFAs has revealed.

Defaqto has launched new Star Ratings for short-term income protection.

Which? has included life insurance and income protection (IP) on its list of the best financial products.

Income Protection specialist, dg Mutual, has paid out 99% of claims for the third year running, with over 50% of claims paid out within one week.

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.

Pharmaceutical & General Provident Society has revealed it paid 98% of its income protection claims last year.

Wiltshire Friendly Society has announced high claims payments on income protection, with 97.6% of all claims paid.

What Insure has launched an income protection (IP) product including cover in the event of someone becoming a carer.