In times of economic uncertainty, there is arguably no better time to protect ourselves against the unforeseen impact of illness or injury on our ability to earn a living. Yet, whilst overall sales of income protection insurance increased in 20221, they have not reached the same heights as other forms of insurance, especially considering the current increase in demand for health insurance.
For many UK workers, recent months can be summed up in one word – challenging. The final quarter of 2022 was marked by inflation increases, rising interest rates, political turmoil, and a drop in mortgage approvals. In this article Steve Bryan looks at the new relationship between protection and mortgage advice.
In a world where uncertainty is a constant companion, insurance cover offers a reassuring safety net for individuals and families alike, but that’s not all they offer. In our latest Health & Financial Fears research, we surveyed 2,000 UK workers and found that a surprising 40% were unaware of any additional benefits available with their policy.
For financial services professionals like you and me, we understand the products we work with and know the value they bring to clients. But our research shows that there is still a lack of consumer awareness of the need for and role of protection insurance.
As a self-employed builder and the main earner, being unable to work was financially challenging. Thankfully for Marc, in 2013 his financial adviser, Adam Kaplan of Pendragon Protect, recommended he purchase income protection. Here is Marc’s story.
Further to our recent member case study, Marc's story, we caught up with Marc's financial advisor, Adam Kaplan.
Last month saw the launch of another successful Income Protection Awareness Week where we shared our pledge with the industry. In this short video Isobel Langton, our Chief Executive, shares our commitments for the year ahead.
We want to support you when it comes to your client conversations and giving income protection more airtime. That’s why we created our income risk calculator. Watch our animation to see how you can put income protection centre stage in your conversations.