View more on these topics

NU Healthcare launches income protection product

Norwich Union Healthcare has unveiled its plans to launch an individual income protection product for the intermediary sales channel.

NU’s Income Protection Solutions product, available from today, will offer guaranteed and reviewable rates and flexibility of options, such as limited benefit terms and retirement ages from 50 to 70.

With over 60 years’ experience in providing income protection, the NU product is poised as one of the most competitively priced products in the market.

Marketing propositions manager at Norwich Union Healthcare Nick Homer says the launch affirms its commitment and belief that intermediaries have a critical role to play in helping people understand the need to protect their income.

He says: “Our new proposition, with its improved pricing, flexibility and support services will make it easier for intermediaries to both address their clients’ needs and transact business with us.”

Homer also took the opportunity to highlight the dangers of long-term incapacity.

He says: “State incapacity benefit currently only provides £75.40 per week which for most people is nowhere near enough to meet their needs. Consequently many people are currently vulnerable to the potentially devastating financial effects caused by long-term incapacity.

“Also, the State welfare system is set to be reformed further in October this year, meaning the need for long-term income protection has never been greater. ”

Recommended

Tom Walker

Last Friday, America may have celebrated Independence Day but the performance of the US economy in the last two years, combined with the weakness of the dollar, has left many UK investors with little to smile about.

The tied turns

The FSA’s feedback statement on the retail distribution review, due in October, could bring about significant changes to the industry and advisers should ensure they understand the implications of the RDR for their existing clients and for themselves as individuals, not just the firms they work for.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com