More than one in 10 of all claimants under 30

Income protection (IP) specialist British Friendly has released a Claims Report, offering analysis of its claims data as well as case studies from over a 13-year period. The mutual, which was founded in 1902 and recently reached 30,000 members, paid 96.2% of all income protection claims between 2015 and 2018. The Claims Report 2019 also found that 11% of all its claimants are under 30, highlighting the importance of income protection for millennials. The overall average age of all members claiming is 46, while those who claimed for cancer (52), heart attack (52) or a stroke (55) we...