Gen Re has backed a community rated income protection (IP) product to compliment state benefits and called on the industry to add its support to the proposal.
It's a pleasant change to think positively about the direction of the protection market and to identify a significant opportunity for advisers.
Sickness and disability benefit claims problems are seeing a huge surge in volumes, according to the Citizens Advice Bureau (CAB).
Legal & General has applauded the "laudable ambitions" of today's 21st Century Welfare consultation paper and believes the protection industry is the perfect partner to assist the Government in welfare reform.
Benefit claimants currently too sick to work could face losing their payments if they do not go back into employment.
A single state benefit could be moving a step nearer today with the publication of a consultation paper on the future of the welfare state.
People being assessed for their ability to work are overwhelmingly being found fit and able to look for a job, according to new figures out today.
The protection industry is discussing a proposed top-up income protection (IP) product to state benefit which could see a complete shift in how the sector operates.
Disability Living Allowance (DLA) does not incentivise work and there is still a widespread belief among claimants that they would be better off on benefit than in work, according to a new report.
Medical assessments are to be introduced for those in receipt of the disability living allowance from 2013, the chancellor George Osborne has said.