Industry news and views from Panacea and our partners.
Protection_
L&G: Dads are priceless. But did you know the value of the domestic work they do exceeds £21,000 a year?
So just how much would your client need if they were unable to work due to incapacity caused by illness or injury and they had a family to support
Aviva: Planning a Will
Planning early and understanding the facts surrounding a deceased persons estate will help your clients to make important decisions when considering their Will.
Bright Grey: Building better products for you, and your clients
We've improved our critical illness cover. We now offer a total of 45 definitions, 10 of which are ABI+.
News from Legal & General
From 21 December 2012, changes to the EU Gender Directive will mean insurance premiums will increase by variable amounts. For men it could mean an increase of around 25% for income protection plans. Check out our new protection matters on this subject.
The Scottish Provident Self Assurance Plan
We have always covered multiple sclerosis but our definition has just got better - we pay out after 3 months of persisting impairment rather than 6. Another ABI+, offering you and your clients a wide and comprehensive set of definitions.
Save up to 59% with Scottish Providents critical illness cover on an income basis
Your cost conscious clients shouldnt have to compromise the quality of their protection cover
Bright Grey: Who knows where a quick cup of tea can lead
Sometimes when you see an opportunity you just have to go for it. Thats what happened when Jerry Bayman, national corporate sales manager spoke to Ian Smart, our head of product development and technical support about a gap in the market following new legislation.
Bright Grey: Offer your clients individual cover through a relevant life policy
At Bright Grey were constantly looking for ways to develop our proposition so that you can offer your clients products that meet their needs. One of these is our relevant life policy, which we launched in 2008.
3 things that havent changed in 20 years of protection insurance marketing
I often get asked to speak at local events. A popular topic is giving advisers marketing ideas about how to grow their businesses.
Scottish Provident: This seasons must have our Gender Directive toolkit
In December 2012 the EU Gender Directive will mean that women will pay the same as men for life cover, an increase of up to 15%*. That makes them this seasons must have for you.
Legal & General: What have your clients got to lose?
Raising the issue of death or critical illness in your protection discussions isnt always easy.
Legal & General healthy opportunity
Our customers are at the heart of what we do and their well-being is important to us.
CI Expert
Advising on critical illness insurance is not about the cheapest premium or the most well known name.
Bright Grey: If your clients are diagnosed with breast cancer some critical illness policies can hang them out to dry
The earlier cancer is diagnosed, the better the chance of treating it successfully. Thats why all the main insurance providers now offer cover for some early forms of cancer, including ductal carcinoma in situ (DCIS), a form of breast cancer.
Bright grey: The countdown to the gender directive
With only 8 months until the gender directive comes into force, there's no time like the present to start showing your female clients why they can't afford to put off thinking about life cover.
LV= launches market-leading critical illness product
Protection specialist LV= today announces changes to its critical illness (CI) cover, with an increase in the number of conditions and partial payments covered.
Bright Grey: Special offer for women must end December 21
When it comes to the cost of life insurance, you could say that women have an easier time of it than men. But not for much longer.
Legal & General: Record CIC claims payout in 2011
Weve just published our latest critical illness cover claims figures. £177 million was paid to 2,784 people. Thats an average of seven times a day that we give somebody new hope for the future.
Scottish Provident: We hear that we are living longer. But are all of us?
According to the latest figures from the Office for National Statistics, life expectancy is on the rise. In 2010, the average life expectancy at birth across the UK rose by a further 4 months to 78 years and 2 months for men and 82 years, 3 months for women*.
Weekly news from Legal & General
Running a seminar is not a difficult task. But, if you want it to be a big success, it needs careful planning.
That's life policies
We take a look at the treatment of legacy assets now the FSA has confirmed that trail commission can continue to be paid following a fund switch or re-direction within a life policy.
Wizard Learning News
Wizard Learning have now added a Financial Crime module to their CPD and gap fill system.
Weekly news from Legal & General
Travel outside the UK can involve increased risks such as visiting war zones, politically unstable areas or health related risks.
Asset.tv: Newton Higher Income Fund
The report features the Newton Higher Income Fund with Tinike Frikkee
Wizard Learning: R06 exam and The Expected Solution Package
Our R06 Expected Solution Package has now been expanded and in this update we also cover the contents and requirements of the R06 exam and go on to detail how our R06 The Expected Solution Package will help you pass first time.
Scottish Life: £165,000 reasons clients need you
The deadline for fixed protection applications is 5 April 2012, with a big impact for those affected. We look at the rules and what you can do to help your clients.
IFA letter of the week: Adviser Alliance
The lack of a 15 year longstop has caused concern for some considerable time
Legal and General: Save your time
When you submit protection applications on OLP Connect, the system will be able to let you access useful information
Legal and General: IPB or MPPI? Get the facts right
Do you always consider both short and long term protection cover for your clients?
Bright Grey claims statistics show that theres no such thing as Mr Average
Our claims statistics for the last half of 2011 show that we paid 91% of critical illness cover claims and 97% of life cover claims. We paid £10.2 million in critical illness claims and £6.5 million in life claims.
LV= launches Trustbuilder
Protection specialist LV= today announces the launch of a free online tool to help advisers write new and existing life policies in trust from any provider.
Bright Grey paid 91% of critical illness and 97% of life claims made in the last 6 months of 2011
In our industry claims statistics are important. They reassure you that if your clients ever have to make a claim, they'll be paid. During the last half of 2011 we paid £10.2 million in critical illness claims, and £6.5 million in life claims.
L&G: Children covered
For parents, children are the most precious priorities in their lives. Do your clients know that when they take out our critical illness cover, childrens cover is automatically included for their existing and future children?
L&G: Heart matters
Valentine's Day is celebrated on the 14 February in numerous countries around the world, and the main focus of the celebration is love and matters of the heart.
Bright Grey: Evidence going down, underwriting limits going up!
We recently improved our financial and medical underwriting limits for our Personal and Business Protection Menus.
Fully comprehensive critical illness cover from Ageas
We now exceed the industry benchmark for 15 Critical Illness conditions, including 4 of the most common conditions claimed.
Ageas Protect to launch product labelling pilot
It's easy to judge whether the food you're buying meets your major nutritional needs it tells you clearly, simply and effectively on the packet. Why should financial protection products be any different?
Ageas: Wed recommend you Customer view no.3
This year, the ABI Customer Impact Survey asked over 20,000 protection, pensions and investment customers what they think of the customer service given by their providers.
LV= Property and good manners - the great British legacy
A new report from protection and retirement specialist LV=, reveals that property and money are the assets that Brits most want to pass down to their children, at 59% and 58% respectively.
Defaqto: Life after PPI: Protection still offers opportunities for advisers
According to independent financial research company Defaqto, new opportunities for advisers are emerging within the income protection market, despite the fall in public confidence brought about by the mis-selling of payment protection insurance.