The Seven Families project, designed to demonstrate the real-life benefits of income protection, will come to an end on 31 July.
The charity-led 'Seven Families' initiative, organised by the Income Protection Task Force (IPTF) and backed by almost 20 insurance providers, started in November 2014 and saw seven uninsured people who have lost their income because of a serious or long-term illness or disability given a tax-free income for one year. The successful project will come to an end this summer, campaign spokesman Peter Le Beau confirmed. This date coincides with the last payment to the seventh family. Seven Families will then carry out consumer and industry research to gauge the impact of the project. L...
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