Volatile Markets Mean More Income Protection
Published / Last Updated on 22/02/2008
Volatile Markets Mean More Income Protection
Volatile markets mean more income protection insurance according to the Association of British Insurers (ABI).
The uncertainty in the markets could prompt more people to take out income protection insurance. This follows data released from AXA that 71 per cent of adults had at least one life insurance policy, but only 20 per cent had income protection, despite fears of a global recession.
Our view
This is purely insurance companies talking up a market that does need to be advised on and sold more. Advisers will need to sell income protection insurance to make up for reduced investment advice income.
Useful links:
Learn more about volatile markets mean more income protection and related topics in the Life Cover Adviser Channel
Request expert financial advice now
Purchase guidance on financial planning in the Money Shop
