Protection  

10 protection benefits that show value of advice

    CPD
    Approx.40min

    CI Expert’s Mr Lakey also pointed out that the amount of cover being taken out has an impact on the value of partial payments:

    “The real value of these reduces once the sum assured rises above £100,000. A maximum payment of £25,000 is 25 per cent of £100,000 but only 5 per cent of £500,000. This highlights why buying multiple policies has many attractions.”

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    Kevin Carr is the chief executive of Protection Review

    CPD
    Approx.40min

    Please answer the six multiple choice questions below in order to bank your CPD. Multiple attempts are available until all questions are correctly answered.

    1. How much do ABI statistics show the protection industry pays in claims every day on average?

    2. What is the name of the option that allows the sum assured to be increased without the need for medical underwriting?

    3. What is the name of the most comprehensive occupation class on income protection?

    4. What is the name of the life policy that pays a tax-free income instead of a lump sum?

    5. Which life company launched a whole of life policy that can also be accessed to meet care costs?

    6. When could a terminal illness benefit claim be declined?

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