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the Big non-COVID protection announcements of early 2020 plus a richly deserved award

the Big non-COVID protection announcements of early 2020 plus a richly deserved award

Despite Christmas rapidly approaching there seems to be no let-up in Protection industry activity. Certainly at Protection Guru we have been as busy as ever this week. On Monday Sam Shaw looked at Which insurers offer immediate cover for business protection. 

Tuesday, Amanda Newman-Smith followed up with a look at Which income protection plans offer cover to older clients. This study was produced as a direct response to a request from a Protection Guru reader who had enquired about the subject. If there is ever an element of protection that you would like us to write about and compare, please don’t hesitate to reach out to the team to let us know. 

Sam Shaw was writing again on Wednesday with a piece on Which critical illness plans support parents when their child is hospitalised.  AIG, Aviva, Legal & General and Vitality were the standouts on this occasion. 

Kat Mitchell explored How flexible are protection plans for renters on Thursday with the companies who offer special support features being Aviva, Legal & General, LV= and Vitality. That said, as with all our studies it is important to read the detail to understand the differences between each and particularly who offers the best options.  

Also, yesterday, we published substantial enhancements to the LV= income showcase page. The whole page is really worth reading but especially the stories from beneficiaries of LV=’‘s Green Heart initiative. Frankly these really do bring a tear to the eye, they are also worth reading as an example of the great work that gets done by our industry. 

In our penultimate “Everything you need to know” summary of 2020 Adam Higgs looked at the really big non-Covid related announcements of the first half of the year. Specifically:  

The major critical illness upgrade from LV= 

Scottish widows substantial restructure of their Critical Illness wordings, which really set the tone and direction of future CI changes for the whole industry 

Royal London’s simplification and improvement to covers for surgical procedures And 

Aviva’s added rental options for income protection 

Next week we will summarise the big changes in the second half of the year and on our last day before Christmas, Monday 21st I will publish my highlights of the year and also a league table of which insurers have come out top for providing the best product features most often onin Protection Guru studies during 2020. This makes fascinating reading.  

Over on our sister Benefits Guru site this week we looked at How pension providers have continued to service their members trustees and advisers through COVID-19 This makes really interesting reading when compared with the way various life insurers responded. In addition, we provided an summary of Money saving apps and tools to help you get your finances in check for 2021 

Over on our AdviserSoftware.com site our colleague Emma Iskowicz wrote about How emotion recognition technology can help the risk profiling process and particularly the impact that everyone using face masks will have on this. This is also really worth reading as a protection adviser as it includes a graphic showing how to understand your clintsclients emotions, even if they are wearing a face makemask. Fascinating. 

Finally, I can’t finish this weekend without say how well deserved I believe Johnny Timpson’s lifetime achievement award was at the Protection Review this week. If you missed it live you can see it at (02:57:35) on the link below. Also there is a really good debate involving our own Adam Higgs starting at (00:51:45).

Watch the Protection Review Conference here

Have a great weekend.

About The Author

mm

Ian McKenna is the founder of Protection Guru. A 40 year veteran of the financial advice and related technology markets. Having worked for insurance and financial advice firms in 1995 he set up Financial Technology Research Centre, which publishes Protection Guru over a decade before “fin tech“ was recognised as an industry term. He believes passionately that far more people can be protected by life insurance and related contracts if we can demystify these and make objective comparative information on policies more accessible.

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