Simplified Income Protection

Hi everyone, we are having a theme of income protection related podcast episodes this season. I’m loving it! I personally feel that income protection is probably the most essential protection insurance product for working people. Income protection is available with many insurers and there are lots of quirks and different options. One of which is simplified income protection. This product type is available with British Friendly and Shepherd’s Friendly, and it has the potential to open up income protection to people who can’t get income protection through fully medically underwritten routes.The key takeaways:When you arrange simplified income protection you are accessing insurers that don’t use occupation classes to price their policies, this can make a massive difference to the priceYou can arrange simplified income protection if you can get past the Killer Health QuestionsTwo case studies of simplified income protection being arrangedI will be back next time with Alan Knowles and we will be discussing high BMI and protection insurance. I can’t believe I haven’t covered this as a standalone episode in the previous 9 seasons. We will be talking about when BMI ratings start to kick in for life insurance, critical illness cover and income protection, when insurers start to decline and your options if you face this situation.Remember, if you are listening to this as part of your work, you can claim a CPD certificate on our website, thanks to our sponsors Octo Members.