As more UK workers live with long-term illness, income protection from a mutual provider has never been more relevant

As more UK workers live with long-term illness, income protection from a mutual provider has never been more relevant

As more UK workers live with long-term illness, income protection from a mutual provider has never been more relevant

6 April, 2022

Members of the Association of Financial Mutuals (AFM) that offer income protection products paid out 94.1% of claims received in 2021, up from 93.9% the previous year.

In total, AFM providers paid out around £34 million in claims to 10,300 policyholders in 2021 (including nearly 8,200 new claimants).  Read on