Vitality has made a series of changes to its income protection (IP) product in a bid to widen customer access and align with "modern working trends".
As part of the changes, the provider will expand its range of deferral periods for a further 280 occupations. This change aims to ensure more individuals become eligible for shorter one- and two-month deferred periods. The newly added occupations include manual occupations and skilled trades such as plumbers, mechanics and warehouse workers. Vitality will also be moving 349 manual roles and skilled trade occupations to an ‘own occupation' definition of incapacity, replacing its ‘special definition' that was previously used. As such, these occupations will now be assessed on an Own Occ...
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.