Why we need annual protection statements

clock • 3 min read

To be at the cornerstone of all financial advice the protection industry should provide annual statements to clients, writes Roy McLoughlin.

I was recently talking to external brand consultants about how our industry works and in particular how we communicate with our clients. It's sometimes confusing to outsiders to our industry that there are differing messages from what should be aligned forces of manufacturers and distributors. People always say: 'Surely you are after the same end result' in terms of engaging with customers and that's where we start to see some confusion. One of the most frustrating questions asked by advisers is: ‘how do insurers keep in touch with their customers. ‘ With a couple of notable exc...

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 Whole of Life

How to resuscitate the life market

How to resuscitate the life market

Focus on customer outcomes

Rory Yates
clock 19 November 2024 • 4 min read
Case Study: RedArc

Case Study: RedArc

Life policy case study

Christine Husbands
clock 09 October 2024 • 3 min read
Industry reacts: FCA market study

Industry reacts: FCA market study

FCA probe welcomed by industry

Cameron Roberts
clock 28 August 2024 • 4 min read