Scottish Provident figures are 'stark warning' of need for protection at all life stages
Half (50%) of life cover payouts at Scottish Provident last year were were made to policyholders under the age of 55.The provider said today that nearly one in five claims paid out (18%) were for policyholders aged just 44 or under, with a further third (32%) aged between 45-54 years old.
The figures released today are broadly in line with other data from around the industry. At LV=, the average age of a claimant for critical illness (CI) cover last year was 47, while at Bright Grey, a sister brand of Scottish Provident, nearly half (47%) of CI claims in 2011 were made by people who were 40 or under.
In total during 2011, Scottish Provident paid out £41,863,503 in life cover claims with the average claim being £84,744.
Read more - http://www.hi-mag.com/health-insurance/product-area/life-critical-illness/article392514.ece
