07 SPRING PROTECT NEWSLETTER of the first I have seen this year from the Cirencester, not least of all because it does “bust some myths” about Claims – and this information is and continues to be good for advisers and consumers alike. Please do not ever forget that claims history CAN be used as part of a rationale for recommending a product. Cirencester highlights are: • 95.8% of claims paid, the same figure as in 2023 • 33% of claims related to musculoskeletal issues and arthritis, up from 25% in 2023 • 21% of claims related to accidents • Average age of male claimants is 40 and female claimants 42 • 47.5% of claims were from millennials (aged 27 to 41) • Oldest claimant 65 years old, youngest claimant 18 years old • 95.1% of claims were made after a deferred period of four weeks or less • Average length of claim was 62 days • Average annual payment £4,757. When we are talking to clients about helping them to pay their mortgages, if ill or due to an accident, don’t forget to show them that “people like you” bought and claimed this way – not dissimilar to what we see on Amazon! Income claims aren’t for the elderly as seen above. Given the average age of a first time buyer is around 35, these are happening probably even before they move from their first house! Events I would just want to give a shout out to our upcoming events this year which I know are a source of great information from what we have fed back. Have a look at the schedule HERE. Once again, thank you for your continued support of our proposition. We are continuing to add to it to broaden the products and services we offer to you, and to keep what we do market leading. EVENTS Register Here Exeter Mortgage & Protection Workshop 29th April 2025 Paradigm Online: Protection Webinar 30th April 2025 Colchester Mortgage & Protection Workshop 20th May 2025 Paradigm Online: Protection Webinar 10th June 2025 Watford Mortgage & Protection Workshop 12th June 2025 Paradigm Online: Protection Webinar 2nd July 2025
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