Industry reacts to Holloway Friendly’s decision to add exclusion for new income protection policies
On Friday, income protection provider Holloway Friendly added an exclusion for coronavirus to new applications for policies with a one-week deferred period. The Income Protection Task Force (IPTF) said: "It is understandable that some insurers are beginning to apply exclusions for COVID-19 on new income protection policies, typically those with very short deferred periods, such as one week." The IPTF said it important to remember that existing customers are not impacted - and added that as it stands the majority of new IP policies will also not be impacted as the deferred period will ...
To continue reading this article...
Join COVER for free
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Members only access to monthly programme 'The COVER Review'
- Be the first to hear about our CPD accredited events and awards programmes.