Norwich Union Healthcare is enhancing its Safeguard individual income protection and offering a guide to aid advisers with the IP sales process and educate clients.
The main change to the product is that periods of absence due to the same cause during the deferred per-iod of 13 weeks or more are now linked. The aim is to ensure that customers are not disadvantaged under the policy if they try to return to work. This is often only available on group IP policies.
NU's consumer guide has been produced using the ABI's advice to help consumers decide if IP is a suitable product for them.
It is designed to be a generic guide rather then geared towards NU's Safeguard product. It can be downloaded along with an updated technical guide and policy wording of the Safeguard product.