Holloway Friendly launches new income protection proposition

“My Sick Pay”

John Brazier
clock • 1 min read

Mutual society Holloway Friendly has launched a new proposition that replaces its existing Purely, Short Term Income Protection and one2protect products.

The My Sick Pay proposition is based on an individual pricing approach, meaning underwriting will take into consideration the unique circumstances of applicants, such as whether they smoke or what their employment is. The mutual stated that the simplification of its income protection proposition was driven by feedback from advisers to offer a product that was easier to understand and advise on. Martin Sincup, head of marketing and proposition at Holloway Friendly, explained that alongside the simplification of its offering, a second driver for the new product was the desire for more "...

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.

Join now

 

Already a Cover member?

Login

More on Income Protection

Profile of an IP customer: learnings from 2024

Profile of an IP customer: learnings from 2024

Panel with the IPTF and IRESS

Cameron Roberts
clock 13 December 2024 • 1 min read
Accident victims living with long-term health issues

Accident victims living with long-term health issues

"Younger people are particularly vulnerable"

Jaskeet Briah
clock 05 December 2024 • 3 min read
Partner Insight: New Age of Income Protection

Partner Insight: New Age of Income Protection

From Love Island to loving income protection, for Gen Z income protection should be "100% my type on paper", however, also like on Love Island, this does not guarantee compatibility.

Julie Thompson, Protection Proposition Manager, Scottish Widows.
clock 03 December 2024 • 6 min read