Category: Protection
Life and critical illness cover accounted for nearly half of sales at Owl Financial this year and has been most in demand.
Current events, including delays due to difficulty in securing medical reports, have led many industry providers to review underwriting limits and acceptance criteria.
Over four fifths, 82%, of advisers say COVID-19 is part of every protection conversation, according to Guardian.
Launched in 2018, Real Life is designed for adults living with multiple health conditions or complex medical histories who may find it difficult to find cover.
The FCA said that firms should review their product lines, and act where products have not delivered the intended value to customers.
The event, which has been given the theme ‘Broker Vision: Navigating Business Through Changing Times’, will explore how the network’s brokers, lender and provider partners are navigating business through these changing times.
Collective Mortgage Network supports traditional mortgage advice and protection business, as well as bridging and development finance.
LV= attributed the drop to a fall in diagnoses and referrals while lockdown restrictions were in place.
The new co-chairs will take over from Kevin Carr and Roy McLoughlin, effective from 1 January 2021.
The changes have been made to HSBC’s Core Critical Illness and Critical Illness Plus products.