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More income protection, less MPPI: experts.
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Leading industry commentators have spoken out against mortgage payment protection insurance and have claimed IFAs should be selling more income protection at an inaugural taskforce meeting.
Speaking at an income protection taskforce meeting in London on 11 December, commentators applauded the recent decision by the Office of Fair Trading to include MPPI in its review of the payment protection sector. MPPI only covers a client for a year after he becomes unemployed, whereas income protection offers far more cover to the client over a much longer period of time.
Peter Le ...
Related newspaper, magazine, and trade journal articles from HighBeam Research
(Including press releases, facts, information, and biographies)
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The cost of living.(evaluation of income protection insurance)
Magazine article from: Financial Adviser
; ...product innovation by Nick Telfer Income protection insurance is nothing new, with roots...consumer would not wish to consider income protection cover as a core part of a financial...often been cited as a reason why income protection under- performs. However, in 2005...
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Low CI costs 'hurt income protection'.(Income protection)(Critical illness)(Portfolio Insurance Consultancy )(Brief Article)
Magazine article from: Financial Adviser
; THE future success of income protection lies in the pricing of critical...amp; General, said that income protection was a Cinderella policy to...expensive, clients would turn to income protection: If critical illness became...
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Don't you forget about me.(income protection)
Magazine article from: Financial Adviser
; ...and occupational disability income protection for when you cannot work...important. But, while sales of income protection are up slightly, critical...10 to one. The issues with income protection products are well known...of the other reasons why income protection loses ...
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Development needed for income protection.
Magazine article from: Financial Adviser
; ...industry is not doing enough to develop income protection products, Bright Grey has warned...the next generation of products, income protection was in greater need of evolution...build their protection up through income protection. But the latest new business figures...
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Income is key to the right cover; Critical illness cover gets all the attention, but IFAs should be focusing on marketing income protection.(Brief Article)
Magazine article from: Financial Adviser
; ...cover has been at the expense of income protection cover. According to our consumer...protection, on almost every occasion income protection is the one which people think that...sickness or disability. So why does income protection not sell in volumes closer to those...
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BI launches 'immediate' income protection policy.
Magazine article from: Financial Adviser
; ...addresses one of the main weaknesses of income protection insurance. The product pays a regular...long-term illness or injury. Most income protection policyholders do not receive any...to those who are unable to obtain income protection without significant premium loadings...
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Income protection is a challenge for Unum; Lack of consumer interest could pose a problem for protection specialist, warns IFA.
Magazine article from: Financial Adviser
; ...challenge in moving into the individual income protection market according to IFA Gary Jefferies...traditional client objections to income protection contracts. He said: There are a lot...people with offerings. The case for income protection has not been heard because no one...
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TCF to boost income protection.(customer relations)
Magazine article from: Financial Adviser
; ...should help to raise sales of income protection, according to Bob Bullivant...meeting of the Reinventing Income Protection working party, a group set up to increase sales of income protection and work on potential product...addressed the issue of why income protection ...
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CI not covering enough, says Le Beau Visage.(critical illness)(Brief article)
Magazine article from: Financial Adviser
; ...industry, a specialist has said. Peter Le Beau, director of Kent-based Le Beau Visage, said current critical illness...relationship between critical illness and income protection could serve to promote cover. He said...hybrid between critical illness and income ...
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The forgotten insurance People blithely assume their employer will continue paying them if they fall ill; sadly, says Liz King, this is true for very few of us. Income protection is little understood, but some providers are determined to change that
Newspaper article from: The Sunday Telegraph London
; Income protection is the insurance that people should...if they face a catastrophe, but income protection may be a better option even though...sensible. "For the man in the street, income protection is probably the first protection...
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