Advisers rue limited MPPI cover

A study conducted by LV= found 53% of respondents were concerned benefits on MPPI are paid for a maximum of 12 or 24 months only. However, half said they continue to recommend MPPI or a similar protection cover to all clients where possible. In addition, nearly one quarter of respondents said they disliked the ‘one size fits all’ approach of MPPI providers. “Our research shows that despite having serious concerns about the limitations of traditional MPPI, half of financial advisers will continue to recommend a MPPI product to all their clients,” says LV= head of protection Chris McFarlan...