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ScotEq Protect takes the pain out of underwriting

Scottish Equitable Protect is trying to take the strain out of back pain claims by explaining to IFAs how the underwriting process operates for these types of claims.

In the latest edition of its IFA underwriting newsletter, Underwriting Today, ScotEq Protect says there are 12 million annual visits to GPs because of back pain and in 1998 there were 120 million days of sickness from work due to back pain.

ScotEq says queries about back pain are often made regarding income protection or total or permanent disability applications.

Underwriters will look at the cause of the injury, the extent of the disorder and the nature of the applicant&#39s occupation and assess these against the definitions of incapacity included in the policy.

Head of marketing Heather Armstrong says: “For IFAs with clients taking out income-protection policies, managing client expectations is crucial.

“That is why we aim to ensure IFAs have as much information as possible regarding the way their clients&#39 policies have been underwritten to enable the claim process to operate as smoothly as possible.”


The NIC of time

In this last article on the intriguing (well, at least to me) subject of income tax and National Insurance contributions on the assignment of a policy from an employer to an employee, I will look at the interaction of sections 19 and 154 of ICTA 1988. As you will see, together they conspire to catch […]

L&G says e-commerce is on the rise

Momentum administrator Suzanne Attfield has become the 10,000th person to sign up to Legal & General online IFA centre.The IFA-only extranet allows advisers to process term and Isa business online, get quotations, track new business and submit policy enquiries.A survey carried out by L&G Investment Management found that people predicted an increasing role for the […]

LTC firms warn of shortfalls

Long-term care providers PPP Lifetime Care and Scottish Amicable are set to warn policyholders they will need to increase their premiums or face a shortfall in cover.The move comes after the firms admitted to IFAs that the projection rates for the investment bonds on which the policies are based face shortfalls and premiums will need […]

Eagle Star – Flexible Drawdown Plan

Monday, 8 April 2002 Type: Hybrid Sipp Minimum investment: £150,000 Investment choice: Global select growth, environmental opportunities, equity managed, European growth, Japan growth, managed, American growth, Asia growth, property, secure, UK equity, UK preferences and fixed interest, long dated gilt, UK index tracker, unitised with-profits, managed income, cautious managed, UK corporate bond, UK money securities, […]


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