Protection insurance and the cost of living crisis
To help advisers get to grips with the ongoing cost of living crisis and the impact this is having on new and existing protection business, we have created pages dedicated to answering the questions you want answered. To obtain more granular and consistent data we have gone out to each insurer with the questions you have been asking, which will be updated in real time in order to help you understand what is happening.
Keeping policies in force
On each of the links below, we have gathered data from insurers on the various ways clients can be supported at this time, to ensure policies are not cancelled. We’ve covered everything from premium holidays to the flexibility around cover re-instatement following a missed direct debit.
Premium Holiday / Premium Deferral
Benefit Reduction
Sabbatical/Career Break
Premium Waiver
Cancelled Policies
Bounced Direct Debits
INSURER resources and statements
We’re building a directory of insurer produced resources and content, to support advisers around any issues or topics relevant to the cost of living crisis and more generally aid advisers with their protection conversations.
Related insights and articles
As well as the content on this hub, you’ll find a wealth of other useful articles and insights published on the Protection Guru site. Where an insight is relevant to the broad topic of the cost of living crisis, we’ll categorise it appropriately and you can find it by scrolling through the articles below: