The real-world benefits of income and expenditure cover are explained in a new video released by Partners Life.
Kate Dron, the firm’s Chief and Appointed Actuary, talks with colleagues David Mouat-Cortes and Chris Hutton to outline why this type of cover could be a valuable tool for advisers in the current economic climate.
Viewers will hear about the product’s benefits, how it works at claim time, similarities with other products from the firm, its flexibility to increase the sum insured in certain circumstances without medical underwriting, ease of switching between other monthly disability covers, and more.
Partners Life says this product was developed in response to advisers who wanted a disability offering that still met a client’s main needs, but without some of the ancillary benefits.