Boxing clever
Income protection is often seen as the poor relation when compared to critical illness and accident sickness. Paul Bennett assesses income protection's title winning potential
In the protection arena life cover and critical illness (CI) cover continue to be knock-outs while in comparison income protection (IP) has yet to win any titles. It is also in a continued battle for supremacy with its sparring partner, the accident sickness and unemployment (ASU) contract.
There are now upwards of 3.6 million people covered by IP but that is a lot lower than many people predicted. Recently sales have continued to decline as, according to Swiss Re, individual income protection
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