Legal & General (L&G) has seen a marked decline in lapsed policies across its protection product channels, which it partly put down to an ‘early warning system' it rolled out to advisers in 2006.
The family of a man who died of cancer but whose life insurance payout was refused on the grounds that he failed to disclose pins and needles have won their fight against Friends Life, after the Financial Ombudsman Service (FOS) ruled that the insurer was wrong to cancel his policy.
Like it or not, when assessing the hours of work per case in relation to the remuneration, protection business is often less profitable than other lines of advice.
Andrew Tully, pensions technical director at MGM Advantage, assesses the impact of gender-neutral pricing…
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