CIExpert calls on industry to push for single plans

Requirement for advisers to justify joint life plans

Jaskeet Briah
clock • 3 min read

CIExpert has launched a campaign, ‘Single is Best’, that calls on the protection industry to advocate and actively encourage the recommendation of individual protection plans as the preferred option for couples.

The campaign also calls for a required justification for the recommendation of joint life first event plans. As part of the campaign, CIExpert has created a report around the benefits of two single policies, including greater value, more flexibility and better quality of protection, the comparison site said. The report also addresses the common objection that a joint policy can be cheaper, with data from Iress analysing over 300,000 quotes that illustrates the cost difference. CIExpert said that joint life first event protection plans are "largely obsolete in today's world, deliver...

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 Individual Protection

The COVER Review: New partnerships, growth and industry movers

The COVER Review: New partnerships, growth and industry movers

Week commencing 27 January 2025

COVER
clock 31 January 2025 • 1 min read
Third of pensioners' income is used to pay off a mortgage

Third of pensioners' income is used to pay off a mortgage

14% of those still paying off their mortgages are retired

Jaskeet Briah
clock 31 January 2025 • 3 min read
Insurance United Against Dementia reaches £10m fundraising goal

Insurance United Against Dementia reaches £10m fundraising goal

More than 130 insurance organisations involved

Jaskeet Briah
clock 30 January 2025 • 2 min read