Protection News Weekly Roundup: Top Stories You Might Have Missed – 10-02-2025
Before I start this summary of everything Protection Guru shared with advisers last week I’d like to highlight our hugely successful Empowering Advice Through Technology conference that was held on the 30th January, of which more information can be found here
Back to the Protection Guru Weekly Roundup:
Recognising Children’s Mental Health Week we started by assessing “What Value Added Benefits Are Available For Kids?”
In this analysis we looked at access to virtual GP services for Children, including the maximum ages different insurers will allow access to their virtual GP services under parent’s policies, nutrition support and mental health support.
On Tuesday to recognise World Cancer Day – we looked at “How is Cancer Covered in Critical Illness Plans?”
And later in the day we considered should more UK insurers provide dual life cover. It is frequently assumed that Guardian are the only provider with this option however it actually originated Royal London and it is well worth reading the additional background in this article.
Wednesday morning we looked at Age limits for life cover and how different insurers compare. This study provided a really valuable reminder of the maximum ages each insurer allows for entry into new plans, and the maximum age at expiry. That afternoon we took a closer look at How well do you know the Exeter?
Thursday morning turned to exploring MetLife in a similar way, their contracts offer significant variations for advisers and are really well worth getting to know.
Then we explored “What Guaranteed Increase Options do Insurers Offer on Life Cover?” this provided an extensive summary of a wide range of GIOs from different companies. We also looked at the maximum cover increase for a GIO event per insurer and the maximum overall sum assured. Additionally, we considered how long after a life-event insurers would allow policyholders to exercise a GIO as well as GIO restrictions when non-standard terms apply.
Given the depth of information, I would encourage advisers to bookmark this page as they will almost certainly find it invaluable time and time again.
If you are working with or running a call centre based Protection Adviser firm, where timely access to such information can be essential, it is worth talking to either myself or Jason Green about the “Call Centre” module for Protection Guru Pro. This is an extra service we will shortly roll out that gives advisers access to the full database of product information that sits in our systems. This is really designed for firms with 10 or more advisers, however we may be able to make it available to smaller firms on request. More information will follow soon but we will be happy to hear from potential early adopters.
Our last two studies of the week covered “Which Insurers go the Extra Mile in Covering Interest Rate Options on Mortgage Protection Plans?” This was obviously very timely given the Bank of England base rate cut the day before.
Finally we published the NEW training webinar dates & summary from Jason Coleman on his first month as a new Protection Guru.The dates and subject covered are
- Thursday 13th March 11am-12pm – Providing Life Protection Advice for Mortgage and Wealth Management advisers
- Thursday 20th March 11am – 12pm – Selecting the best value Critical Illness plans for your clients
- Thursday 27th March 11am – 12pm – Exploring Income Protection Advice
- Thursday 3rd April 11am- 12pm – The importance of regular reviews and how to compare Legacy Products.Click the link above to register for any of these sessions.
On our AdviserSoftware.com site we recently published an analysis of Inzuzo a service that connects consumers to advisers and supplies opportunities of around £2.5 billion of investable assets each year. This is part of TFAS Enterprises and a really interesting proposition, well work a look.
Have a great week everyone.
