Long term care needs cannot be assessed by an estimation of meeting costs the International Longevity Centre (ILC) has said.
Distribution challenges threaten to derail the protection sector from capitalising on "a golden opportunity" to sell, according to Defaqto.
The reinsurer has reported an increase in sales of new term assurance, critical illness and whole life insurance in 2009, while income protection sales fell. However, the ‘Protection Gap' has widened further.