Income Protection - UK - May 2013
“Consumers lack a thorough understanding of what income protection products offer, which is hampering growth in the market. Insurers need to simplify their product and work together in order to identify ways of educating people about income protection. They also need to rebuild trust that has been damaged as a result of the PPI scandal and a lack of transparency.”
– Stephanie Absolom – Financial Services Analyst
Some questions answered in this report include:
- How can awareness of income protection be increased?
- Will the state benefit review change the way people think about protection?
- How can income protection be made more attractive to consumers?
- Can income protection escape the association with PPI?
- Will short-term income protection be the saviour of the industry?
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