Legal & General has launched a new adviser hub dedicated to income protection products.
As well as listing product details, the hub will feature calculators, guides and other tools.
Legal & General claims that its IP offering includes sick pay alignment for NHS workers, a free rehabilitation support service and competitive pricing across all occupational classes.
Just last week, Legal & General produced research which showed that 88 per cent of brokers believe they are not selling enough protection, results garnered from surveying brokers at the firm’s last Mortgage Club Autumn Conference.
Legal & General Intermediary director Craig Brown comments: “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.”
Recently, Mortgage Strategy, in association with The Value Exchange, took part in a live Wired session where Andrew Montlake, Katie Pisanu and Jon Nixon discussed the important of mortgage protection. You can watch the recording here.
Furthermore, questions that the panel were unable to answer because of time constraints were tackled in a subsequent article, which can be read here.