Income Protection

Zurich has seen a 4% rise in the number of income protection claims settled in favour of the claimant in the first six months of the year, paying out to 94% of cases.

FIVE THINGS

This jargon buster unravels the complex world of life protection.

It's IFAonline's weekly heads up on five articles your clients may have read in the national newspapers over the weekend...

The last company to release its Income Protection Statistics, Friends Life, has done so today, following an industry campaign by the Income Protection Task Force and the Protection Review.

LV= will switch its protection business to gender neutral rates on 1 December and has announced its pipeline strategy for advisers.

FIVE THINGS

Research from Scottish Widows shows fewer people are buying protection even though they know savings are insufficient to cope in the event of lost income.

Consumer group Which? has listed absolute return funds and task-based income protection cover among a list of 'financial products to avoid'.

Some 40% of IFAs plan to take on a protection paraplanner to boost the commission they receive from protection business post RDR, according to research.