How protection payments affect benefits

How protection payments affect benefits

Clarification from the Department for Work and Pensions (DWP) that it will exclude mortgage-related protection payouts in state benefit assessments is great news for the insurance industry. But while this should lead to an increased take-up of income protection (IP), insurers will need to ensure product design meets the DWP’s conditions.

The content you are trying to access is only available to users with an subscription

Subscribe to FTAdviser now for:

- Full access to articles written by the Money Management team

- No limit to the number of articles you can read every month

- The ability to use Money Management's uniquely prepared fund statistics - on the web, or by downloading a pdf

Unlock unlimited articles