Insurance

Insurers must pay life insurance claims in four weeks following the ABI's decision to slash its guidance time for the process.

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

I treat life and critical illness as fairly commoditised products for perfectly healthy people aged under 35. Can I do more to help them in this area?

The general consensus is (read: always has been) that the widespread mis-selling of investment bonds was the main reason behind the RDR.

Cuna Mutual Group has announced a deal to distribute LV='s term life assurance to its network of building societies.

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.

LV= has produced a plain English guide offering simplified explanations for advisers to use when explaining critical illnesses (CI) to clients.

Scottish Widows has paid £1.15bn in life and critical illness (CI) claims since January 2000 equating to over £2m each week.

Aviva paid almost 95% of critical illness (CI) claims and 99.6% of those resulting from death last year.

Scottish Provident paid 98% of its life cover claims in 2010.