Purchasing property is the top trigger for clients to take out protection, a survey of IFAs has revealed.
However only one in twenty advisers said income protection (IP) was the most enquired about product and the one they sold the most, according to the Scottish Provident research. The provider's Financial Safety Net report questioned more than 900 intermediaries with 92% responding that buying property a was major reason for purchasing protection. Having children (80%) was the second most common trigger, while nearly three in five (57%) say it is because their client simply wants peace of mind about the future. The remaining top ten triggers for buying protection were: • change in...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes