Legal & General launches income protection hub
Legal & General has launched an online income protection adviser hub with benefit calculators, guides and resources.
The insurer said it wants to raise awareness of the importance of IP in protecting a client’s lifestyle and income, while it wants to simplify its offering to make it easier for intermediaries to explain the benefits of the product to customers.
Craig Brown, director of Legal & General Intermediary, said: “While critical illness cover and life insurance are often the first protection solutions we talk about as an industry, for many customers IP can play a no less important role.
“Our Deadline to Breadline report found that nearly a third of employees didn’t have any financial back-up plans in place. Income protection could provide a monthly benefit should the client be unable to work due to incapacity caused by illness or injury resulting in a loss of earnings.
“Intermediaries already do a great job of protecting their clients and these changes are designed to help make that process simpler and more effective.”