Personal income protection is one of the most valuable insurance policies that a person can arrange. It can feel quite overwhelming looking at income protection options for clients as many insurers have four options, which becomes a huge amount to look through when you're trying to decide what is best for your client.
Is there an easy way to decide which insurer and product is right, quickly and easily? Unfortunatley it's a bit of a yes and no situation here, but there are things that you can do to help your client understand just how much income protection underpins their entire financial future.
In this structured CPD session we will be going through:
- How personal income protection policies work
- Appropriate reasons for recommending income protection
- Explanations of how underwriting works and how premiums are calculated
- An example cashflow of how things can go very wrong, if you fall ill and are unable to work, and you haven't arranged income protection
