When discussing income protection with your clients, why not use our latest claims statistics to demonstrate the value the cover provides?
Not every illness is critical
Your clients don’t have to be seriously ill to be unable to work. In 2021, 75% of claims were for musculoskeletal conditions, illnesses related to Covid-19, hip/knee conditions and mental health. Conditions that may not be covered under a critical illness policy.
Not every illness is short-term
The average length of a claim for policies with a full-term claim period at The Exeter is almost two years. How would your clients manage financially if they were unable to work for this length of time?
And it could be longer. Our longest claim in payment has been ongoing for 25 years.
Not everyone has financial support
Not everyone receives employer sick pay, and even if they do, how long will it last? In 2021, 96% of claims were for policies with a four-week waiting period or less. If your clients could not work due to illness or injury, income protection could make the world of difference. In 2021, we paid £10.5 million of income protection benefit for new claims made by your clients.
You matter more
At The Exeter, we’re committed to helping you deliver the best possible outcomes for your clients. Download our 2021 income protection claims report and give yourself more than ten million reasons to make income protection a priority for your clients.