SPRING 2026 www.paradigm.co.uk/protection PARADIGM PROTECTION NEWSLETTER
4 Protection Market Update Paradigm Protect Mike Allison 8 Aviva From Rejection to Protection: Turning Conversations into Confidence 10 Paradigm Wellbeing Matters: Our Mental Health Support Hub Riona Mulherin 12 Paradigm Simplifying the Insurance Rules Mike Allison 15 Paradigm Our Partnership with The Insurance Surgery 16 Paradigm Group Personal Service Provider Update Marc Melvin 18 Paradigm Cover...Covered, A Handy Reference Guide CONTENTS
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The Market You will have seen the initial output from the FCA on the Protection Market Study - more about that below - although it is unlikely at this stage that it had much tangible effect on the completed market volumes during 2025. NMG produce information not around the broader Protection market, but something they call “contestable” data - that is business written via intermediaries. Recent output from them seems to indicate that contestable sales grew in 2025, with some of the information and rationale set out below: • Consumer Duty and FCA review influenced Protection sales, emphasising Protection discussions and evidence. • Growth driven by Whole of Life (+55%) and Business Protection (+24%), with Term products declining. • Market segmentation showed Risk Specialists and Streamlined Specialists experiencing growth, while traditional segments decline. • The number of firms writing protection decreased slightly in 2025, mainly due to fewer directly authorised firms. • Key barriers to increasing protection sales include perceived client costs, underwriting complexity, staffing, and process inefficiencies. The latter bullet is interesting given the actual price points for Term during 2025; we still have some of the cheapest Life Assurance in Europe, so perceptions need to be changed regarding the price - something we believe the industry should support. Mike Allison Director of Protection Paradigm Protect Protection Market Update 04 SPRING PROTECT NEWSLETTER Welcome to the latest edition of the Paradigm Protect Newsletter, the first of 2026! There has been a lot going on in Protection world this quarter - both from a regulatory perspective and from a research perspective, all aiming to focus on what the Regulator has now deemed ‘the protection gap’, which is something we have been speaking about for a number of years. In this edition, AVIVA set out some learning points on objection handling to try to support intermediaries in helping clients think about their Protection needs – it’s well worth a read! The current world order is a constant reminder of human vulnerability, and whilst thankfully we are less directly affected by the current Iran conflict, many of us will be indirectly affected via inflationary costs and interest rate rises - yet again putting pressure on household spending and potentially protection sales. Some Insurers have started asking different underwriting questions about travel plans so please ensure that these are answered to the best of your ability.
05 SPRING PROTECT NEWSLETTER Continued on next page... FCA Market Study Because this is such an important area, I make no apologies for outlining some of the key output from the FCA in to the Market Study carried out in the past 18 months or so. I have also added some practical tips to help ensure complicity with the FCA comments. The study provides the clearest signal yet of how the Regulator expects the Protection market, for both advisers and distributors, to evolve. Although the FCA confirmed that protection distribution works well in many respects, it has highlighted areas of concern, mostly around value, commission incentives and the ‘protection gap’. The FCA stressed that while existing policyholders usually receive good outcomes, evidenced by high claims acceptance and low complaints, 58% of UK consumers hold no protection and 59% of these have never considered their protection needs. This is what the FCA calls the ‘protection gap’. The Regulator sees advisers as central to closing this gap, especially as protection is typically sold, not bought and engagement is often triggered by life events such as the purchase of a home, the birth of a child, divorce or illness. It noted that over 80% of sales were carried out via intermediaries and the inference therein is it is they who can help bridge that gap. It is logical therefore that mortgage advisers should expect increased regulatory scrutiny on protection discussions when providing mortgage advice, and engaging with customers on a regular basis to ascertain if lifestyle events have warranted a change in protection needs. Investment and mortgage firms will need to demonstrate a robust approach to identifying unmet protection needs and documenting the reasons behind advice not being taken. As mentioned above, the FCA’s findings show that intermediaries account for 80% of protection sales and remain essential to consumer decision making. However, the FCA is concerned about: • Commission structures that may incentivise unnecessary switching or rebroking, potentially at the expense of consumer value; • Increasing commission rates, despite broadly stable commission revenues; and • The potential for restricted panels to impede competition or deter new entrants. The FCA has not proposed commission caps or bans at this stage but expects enhanced monitoring and strong governance to prevent poor incentives. With these in mind, we believe that firms should look to: • Ensure commission structures and panel arrangements demonstrably do not compromise fair value or consumer choice - effectively not operating through restricted panels.
06 SPRING PROTECT NEWSLETTER • Strengthen controls around switching so that firms can evidence a clear, demonstrable benefit to the consumer; and provide reasons why any conversion options or guaranteed insurability options were not used or why policies were switched and not “topped up,” especially where clients had contracted new medical issues since the original policy inception. Where Critical Illness products were switched potentially use independent software to demonstrate the added consumer benefits - Paradigm Protect can help with this. • Review remuneration and clawback arrangements to ensure they do not distort adviser behaviour. The FCA remains focused on ensuring fair value assessments are robust, improving transparency in pricing and features and ensuring advisers can clearly articulate value, especially where product complexity is high. Firms can aim to: • Review their Fair Value Assessments (FVAs) to ensure they are current, data driven and reflect distribution arrangements; and • Ensure advisers can explain product differences, especially where lower claims ratios or complex features may reduce consumer value. Higher claims ratios can be used as a rationale for selecting specific Providers. The FCA observes that claims processes work well overall but sees room for improvement, especially around claims handling support from advisers and consumer understanding of exclusions and limitations. Firms can support this by strengthening their post-sale support processes and ensure clients understand the scope and limits of cover. Firms could use claim statistics from individual Providers in their decision making process, and I feel mortgage firms should look at how protection claims support fits into their ongoing service model. The FCA is increasingly alert to the role of price comparison platforms, lead generators, portals and integrated underwriting technologies, in particular where these may create complex frameworks that distort competitive conditions. If firms rely on third party technology or platforms, they should revisit their due diligence, focusing on whether those tools limit consumer choice or reinforce a narrow set of Provider options. What actions can firms prioritise now? Strengthen Consumer Duty evidence • Document why product recommendations represent fair value for each client. • Ensure protection needs are assessed and recorded consistently across mortgage and financial planning processes.
07 SPRING PROTECT NEWSLETTER Review commission and switching controls • Audit your switching cases to ensure each one has a clear consumer benefit. • Reassess adviser incentives and ensure they avoid bias toward high commission products. Review distribution arrangements • Ensure panel arrangements do not inadvertently limit consumer choice. Enhance consumer education • Provide clearer explanations of claims processes, exclusions and product differences. • For mortgage firms, embed protection prompts at every suitable client milestone. GI Enhancements to add commercial value to firms There has long been a debate between Mortgage firms and Lenders on the proc fees payable on Product Transfers (PTs). On average, a firm can expect to receive a third of what they would on a New or Remortgage, which can typically be £200 less or so. “Bridging the Income Gap” has been a conundrum for a while especially where the existing Lender rate is so competitive. Paradigm firms can now help to add income to a transaction by getting double indemnity commission on Paymentshield’s GI Policy, effectively earning two year commission up front, and then benefitting again in Year 3 and subsequent years. This can be on both self-written or referral businesss, and with their current referral completions sitting at c.50%, this adds even more certainty to the income opportunity. Please refer to Marc our Protection & GI Support Advisor on marc@ paradigm.co.uk for further details. Events Finally, if I can 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, and we hope you can join us for some of them! Yet again, thanks for your continued support of Paradigm Protect; we value our partnership and our no loaded premium Whole of Market proposition, which not only supports the view of the FCA, but gives your clients the best choice of Providers at the best possible premiums for them. As always, we are working to develop the proposition and to broaden the products and services and to maintain our marketleading offering to you.
Exploring how advisers can overcome client objections by using empathy, insight and personalised tools to close the protection gap. In today’s uncertain world, protection is more than just a financial product, it’s peace of mind, resilience, and support during life’s challenges. Yet, despite its importance, a significant protection gap remains in the UK. According to the FCA Financial Lives 2024 Survey, just over half of the population (54%) still lack any type of protection insurance.1 Across the industry, we all have a shared responsibility, not just to sell policies, but to educate, empathise, and empower clients. Understanding the rejectors Aviva’s research has identified several key customer segments that are more likely to reject protection. These include: • Young Families (30–45): Often lower earners or part-time workers, they may undervalue their role and see protection as non-essential. • Zillennials (25–30): Independent and carefree, they live in the moment and need early education on financial planning. • Anxious Uninformed (45–65): Financially stretched and overwhelmed, they need clarity and reassurance. • Family/Divorced (30–55): Often cynical or self-reliant, they require trust-building through relatable stories. Each group has unique mindsets and challenges, but they all share one thing in common: they need to see protection as relevant to their lives. From Rejection to Protection: Turning Conversations into Confidence Neil Carpenter Trading Manager, Aviva 08 SPRING PROTECT NEWSLETTER
Making protection personal One of the most powerful shifts in protection conversations comes when advisers start with the person, not the product. It’s about understanding where someone is in life, their fears, their goals, and their priorities. The LIFE model is a simple yet effective framework to guide these conversations: • L – Long-term: What are their aspirations for the future? • I – Income: How do they earn, and what would happen if that stopped? • F – Family: Who depends on them financially? • E – Enjoy: What do they love doing, and how would losing income affect that? By using open-ended questions and listening actively, you can uncover the emotional drivers behind financial decisions. This approach not only builds rapport but also helps clients articulate their own need for protection. The power of language Words matter. The language we use can either alienate or engage. Instead of focusing on “insurance” or “premiums,” talk about “legacy,” “peace of mind,” and “protecting memories.” One adviser put it perfectly: “My job isn’t just to protect income, it’s to protect futures.” Using emotive, relatable language helps clients connect the dots between their current lifestyle and the potential impact of life’s unexpected events. It’s not about fear, it’s about empowerment. The OPEN’D model: Revealing the need To guide clients from awareness to action, you could consider using the OPEN'D model: • Opportunity: What do they want for their family if something happens? • Problem: What risks or shortfalls could derail those plans? • Exploration: How would those problems affect their lifestyle and goals? • Need: What protection is required to safeguard their future? • Decide: Are they ready to take action? This model helps clients realise the importance of protection on their own terms, making the decision to proceed feel natural and necessary. Tools to support your conversations We’ve developed a suite of tools to help you bring protection to life: • Aviva cover stories: A national radio campaign featuring real-life stories from well-known personalities, designed to make protection feel relatable and relevant. • Interactive shield of protection: A visual tool that helps clients explore “what if” scenarios and understand the solutions available. • Selling protection guide: A step-by-step resource with conversation prompts, product brochures, and claims statistics to support your advice. These resources are designed to make your conversations more engaging, more effective, and ultimately more successful. From conversation to confidence: Let’s close the gap together Every conversation you have is an opportunity, not just to offer a product, but to provide peace of mind, build resilience and make a lasting difference in someone’s life. By understanding your clients’ stories, speaking their language, and guiding them with empathy, you can help turn hesitation into confidence and rejection into protection. At Aviva, we’re here to support you every step of the way. Whether you’re looking for tools to spark meaningful conversations or insights to deepen your client relationships, our resources are designed to help you succeed. 1 FCA the Financial Lives 2024 Survey published 16/05/25 09 SPRING PROTECT NEWSLETTER
In the fast‑paced world of financial services, looking after your mental health and wellbeing remains not just important but essential. The latest Mortgage Industry Mental Health Charter (MIMHC) Mental Health & Wellbeing Report 2025 shows that while there are encouraging improvements across the sector from last year, many of those working in the industry continue to face real challenges: • 21% of mortgage industry workers reported that their mental health is poor or of concern, broadly consistent with the previous year’s findings • 41% rated their mental health as excellent or good, 36.8% said it was satisfactory, highlighting both meaningful progress and a persistent at‑risk group that needs ongoing support • 37% said their mental health was satisfactory, down from 41% in 2023 ut similar to 2024 • 59% of respondents worked more than 45 hours per week, this is an improvement from 62% in 2024 • Sleep continues to be a concern, with only a minority reporting enough rest on five or more nights per week • Work‑life balance shows signs of stabilising: while 28.8% felt it had worsened, a positive 34.4% reported improvement vs. the previous year Clearly, these statistics highlight the improvements but also the ongoing challenges that those in the finance industry are facing regarding mental health and the need for continued support and resources. Our Commitment: The Paradigm Mental Health & Wellbeing Hub At Paradigm, we understand the unique pressures faced by financial advisers and are committed to providing the support needed to thrive both personally and professionally. If you haven't used it already, Paradigm have a Mental Health and Wellbeing Hub, a dedicated space designed to offer a wealth of resources and tools to help you manage stress, improve work-life balance, and enhance your overall wellbeing. You will also be able to learn more about Mental Health First Aiders, the MIMHC Wellbeing Matters: Our Mental Health Support Hub Riona Mulherin Director of Marketing & Operations Paradigm 10 SPRING PROTECT NEWSLETTER
and important dates in the mental health calendar that you can get involved in, to raise awareness and open up conversations about mental health and wellbeing. Finally, you can also find details about charities who can provide additional resources and assistance to help you, or someone you know that is struggling, to navigate challenging times. We are often referred to as the ‘Paradigm family’ and this is something we do pride ourselves on; we try to support all of our members wherever possible and offer a community of support. If you are struggling, please do speak to someone – we will be here to help if we can. Here to support you! We invite you to explore our Mental Health and Wellbeing Hub and take advantage of the resources and support available. By prioritising your mental health and wellbeing, you can enhance your overall quality of life and achieve greater success in your career. As always, we hope you find the hub helpful and if there is anything Paradigm can do to support you, please get in touch. You can call us on 03300 536061, email us on [email protected] or you can request us to call you back by completing the short form here. 11 SPRING PROTECT NEWSLETTER
Simplifying the Insurance Rules Mike Allison Director of Protection Paradigm Protect Introduction This update will be relevant to any firm involved in the distribution of noninvestment insurance products covered by the Insurance Distribution Directive (IDD) rules. As a reminder, this covers general insurance, such as home and car insurance, insurance based investment products, such as investment bonds and endowments and long term insurance contracts, such as term assurance, critical illness cover and income protection. The FCA has published PS25/21 Simplifying the insurance rules. This work forms part of their efforts to ensure more proportionate regulation and reduce regulatory burden, particularly now the Consumer Duty is in force. The changes outlined in this paper come into force with immediate effect. Minimum knowledge, training and competence requirements The FCA has removed the annual 15-hour continuing professional development (CPD) requirement for those who are involved in the distribution if IDD business. The removal of a regulatory mandated number of hours is designed to give firms more flexibility to decide the threshold of CPD that is appropriate to their firm and individual employees in order to evidence their competency to be involved in the distribution of this type of business. The FCA has made it clear that this is not a relaxation of overall competence and training expectations. Firms are still required to ensure their employees maintain an appropriate level of CPD activity to maintain their skills, knowledge and competence in order to perform their role. The FCA Handbook does not state a minimum number of CPD hours for mortgage advisers, unless the individual is a financial adviser that advises on mortgages, in which case 35 hours CPD applies. However, as mortgage advisers require a qualification, the professional bodies providing the qualification are likely to set their own minimum CPD requirements which may typically be at 35 hours per year. Following this change, where an employee is a member of a professional body, such as the CII, they are still subject to minimum CPD requirements of the professional body. Mortgage advisers or insurance advisers advising on insurance, protection or GI, are likely to have CPD requirements exceeding 15 hours, given the nature of their role and the requirement to demonstrate competence. Some firms may have individuals with limited involvement in insurance distribution activities, such as passing leads to a colleague. This change is likely to affect these roles, as firms will be able to tailor CPD requirements to the individual and ensure they are proportionate for their role, rather than applying a blanket minimum number of CPD hours. 12 SPRING PROTECT NEWSLETTER
Paradigm acknowledge that whilst the strict annual review rule has been removed, in practice, advisory firms are likely to continue with their Fair Value Assessment and distribution arrangements review of the IDD products they distribute on an annual basis. This seems the simplest approach to administer under governance arrangements and will mean that the firm is committed to achieving good client outcomes in the manner previously established. If a firm did, however, perceive that in recommending higher risk business (for example a replacement Critical Illness policy) there was the potential for customer harm, it may of course carry out a review of a particular product more frequently than every 12 months. It is recommended that all firms that are involved in GI or pure protection business assess the frequency of their PROD reviews. Intermediary firms may see insurers sharing updated information on the frequency of its product reviews. Firms should also ensure they have mechanisms in place to determine the frequency of review should they start distributing a new product, or how they will determine whether frequency needs to be revised should changes be made to a product they distribute. This should be conducted through the lens of whether there is a risk of customer harm arising from risk factors associated with the product. Firms are expected to monitor data to help inform the frequency of their reviews. Paradigm's view is that in practice, an adviser is likely to continue with their 15 hours as a base minimum level, so that they can provide evidence to the FCA and their professional body as required, that they are able to easily evidence that their skills, knowledge and competence are being kept up to date. Firms may however deem that it is appropriate to reduce the minimum requirement blanket approach and tailor the CPD activity of non-advising staff to the role they perform. Paradigm makes available a Training Needs Analysis document in the Training & Competence appendix chapter of the compliance manual, which provides suggestions of the types of CPD activity that may be appropriate for advisers and non-advising staff. Product monitoring and review Previously, advisory firms were required to conduct a review of their distribution arrangements in respect of IDD business on an annual basis. Manufacturer firms were also required to conduct reviews of their products within this same timeframe. Now, firms have the flexibility to determine the frequency of reviews. Each firm should make its own assessment on frequency, based on the potential for customer harm arising from risk factors associated with the product. This change aligns the requirements in PROD with similar requirements which came into force under the Consumer Duty. Continued on next page.... 13 SPRING PROTECT NEWSLETTER
Co-manufacturer – lead firm The FCA now allows, on an optional basis, a lead firm to be appointed where there is a co-manufacturing arrangement. The lead firm will be responsible for compliance with the manufacturer obligations in PROD 4.2. The lead firm cannot be an intermediary. This means they must be an insurer. This change is likely to be of relevance to a very small number of Paradigm firms Where these arrangements exist, firms should consider if they’d like to appoint the co-manufacturer insurer as the lead firm for compliance with specific rules in PROD. Whilst the FCA are making efforts to simplify rules, it reality, it is unlikely to mean any changes in the day to day governance of the advising on this type of business. If you have any queries, or need further assistance, please contact the Protection Team on 03300 536061, or Email [email protected] For general helpdesk queries, please contact us on protectionhelpdesk@paradigm. co.uk Mortgage Rule Review Feedback to DP25/2 and Roadmap Supporting our intermediaries through all regulatory changes that will impact upon your business Don’t trawl through hours of documentation. Click to watch our short, 15-minute briefing on this topic from senior individuals across our business and earn your CPD 14 SPRING PROTECT NEWSLETTER
15 SPRING PROTECT NEWSLETTER Our Partnership with The Insurance Surgery We wanted to remind you about our partnership with The Insurance Surgery; they are an award-winning and leading specialist in protection cases who many of our firms have utilised since we launched last year, allowing them to provide cover for clients who would otherwise have been turned away. With over 25 years of experience, The Insurance Surgery is a specialist protection broker dedicated to helping clients with medical conditions, high-risk occupations, extreme sports, and other complex insurance needs. Their access to a wide range of insurers and exclusive products means they can find solutions even for the most challenging situations. This is part of our focus on allowing Access to Insurance for as many of your clients as possible, even those who you thought may be uninsurable. They have an impressive record of doing this with a number of case studies and examples available. When to Refer a client? • Medical conditions causing hurdles (e.g., diabetes, cancer, heart conditions) • High-risk occupations (e.g., offshore workers, pilots, divers) • Extreme sports interests (e.g., climbers, motor racing) • Complex needs, and you lack the time to search the market • Been declined cover elsewhere • Difficulty accessing the right insurers • Are living abroad Types of Protection Covered: • Business Protection • Private Medical Insurance (PMI) • Income Protection • Expat Insurance • Life Insurance • Family Income Benefit • Critical Illness Cover • Over 50s Cover • Whole of Life & Inter Vivo Policies How does it work? Referring a client to The Insurance Surgery is straightforward. They offer a fully advised service, managing each case from start to finish, including suitability reports, and will keep you updated throughout the process. Plus, for every successful application, you'll receive a 25% referral fee with no clawback. Learn more We're confident this partnership will be a valuable asset to your clients. Click here to view more on their dedicated page on our website.
16 SPRING PROTECT NEWSLETTER Group Personal Service Provider Update As many of you will be aware, a number of years ago, Paradigm Protect launched a Group Life Service to support existing firms operating in the Group Life space, and to assist those firms who were looking to enter this market. At the time, service levels amongst Group Providers was mixed; many operated in a way that only allowed you to get quotations and renew by using their software. For many this was, and still can be, an arduous process - especially when you want to talk to someone about your enquiry beforehand. We had tremendous success with UNUM, a Group Provider who bucked this trend for a long time and continued to offer a personalised service, although this has now reverted to online only. We found that many firms used UNUM because of this bespoke approach which added real value to those trying to support clients with Group cover. As such, we are delighted to announce that we have sourced another Provider who will offer this personalised service to you. We are excited to welcome The Unisure Group to our Protection panel as one of our Group Life partners. They use large, global brands – namely, Allianz and Scottish Friendly - to offer your customers security, and underwriters are available to speak to. In our early dealings with them, we have found them to be highly competitive on price too. which we know is important to you so they are definitely worth adding to your Provider list for Group Life quotations. Marc Melvin Protection & GI Support AdviserParadigm Protect
17 SPRING PROTECT NEWSLETTER Below you’ll find out more information about them: Unisure • Scottish Friendly • Allianz A partnership built on strength, simplicity, and service. Financial Strength You Can Rely On With Unisure, you offer your clients more than Group Life cover — you offer security backed by global financial powerhouses. • Policies are written via Scottish Friendly (Insurer), one of the UK’s longest established mutuals. • 100% of risk is reinsured by Allianz, one of the world’s strongest and highest rated Reinsurers. • Both partners have provided a long term commitment to our proposition, ensuring stability and confidence for employers and members. For advisers, this means clarity, reassurance, and a solution you can place with complete peace of mind. Why Choose Unisure through Paradigm? Unisure have designed their proposition to remove friction and deliver exceptional value: • Fast turnarounds: 48 hour SLA on all quotations • Unique Free Cover Limit to Paradigm: £600,000 • Direct access to our underwriting team • Employee Assistance Programme included via SquareHealth • A genuine focus on service, simplicity, and adviser support • Please see attached for their UK Group Life offering: • Registered Terms & Conditions • Excepted Terms & Conditions For further information please visit Unisure website, alternatively please do not hesitate to contact me on: [email protected] or 03300 536061.
Peace of mind – keeps b Flexibility – to suit your Long-term security – s Protection for self-em KEY BENEFITS COVER...CO COVER...CO BENEFITS AND HOW IT WORKS LIFE COVER EXPLOR EXPLOR WHAT IS IT? Life cover (or life insurance) pays a tax-free lump sum if you die during the policy term — helping protect your loved ones financially. WHY IS IT IMPORTANT? Keeps your home: Helps pay off your mortgage. Covers costs: Replaces lost income for bills and childcare. Peace of mind: Your family won’t face financial hardship. HOW DOES IT WORK? Choose cover amount (a lump sum). Choose policy term (how long you want the cover to last) If you pass away during the term, your loved ones receive the payout. KEY BENEFITS Safeguards your family’s lifestyle. Clears debts like your mortgage. Often cheaper than a daily coffee. Flexible to fit your needs. paradigm.co.u James has a £150,000 mortgage. He takes out life cover for 25 years. If James dies within that time, the policy pays £150,000. enough to clear the mortgage and protect his family’s home. EXAMPLE INCOME PROTECTI WHAT IS IT? A policy that pays you a mont injury stops you working — It k recover, return to work, or the wages stop. WHY IS IT IMPORTANT? Bills don’t pause when Statutory Sick Pay is most. Covers a chunk of your lifestyle and focus on HOW DOES IT WORK? Choose how much of you 60–65%). Pick a waiting period (sh payments start (e.g. 4, 13, Claim if illness or injury st Receive monthly paymen Nina earns £2,000 per month. S months. Without cover: only Sta Income Protection: £1,200/mon Sarah can focus on getting well EXAMPLE COMMON MYTHS- BUSTED! “The State will cover me.” Statutory Sick Pay is very limited and shor “It is too exp Policies can “I don’t need it, I’ve got savings.” Most savings run out quickly — this protects you for the long term.
WHAT IS IT? bills and mortgage covered. job, income, and budget. some policies pay to retirement. mployed – vital if you don’t get sick pay. Emma is 40 with a £200,000 mortgage. She takes out critical illness cover for £100,000. At 45, she’s diagnosed with cancer and can’t work for 18 months. Her policy pays £100,000 — enough to keep up mortgage payments and cover household costs during treatment. EXAMPLE OVERED! OVERED! RE THE TYPES OF COVER, WHY IT IS IMPORTANT AND KEY BENEFITS RE THE TYPES OF COVER, WHY IT IS IMPORTANT AND KEY BENEFITS uk/protection CRITICAL ILLNESS Pays a tax-free lump sum if you're diagnosed with a serious condition like cancer, heart attack, or stroke — as listed in your policy. WHY IS IT IMPORTANT? Illness can stop work for months or years. Helps cover mortgage, bills, and medical costs. Gives you choices — reduce hours, adapt your home, or focus on recovery. HOW DOES IT WORK? Choose your cover amount. If diagnosed with a covered condition, make a claim. Get a lump sum to use your way. KEY BENEFITS Financial support when you need it most. Can be combined with life cover. Lets you focus on getting better, not money. Tailored to your family and finances. ION thly tax-free income if illness or keeps money coming in until you e policy ends. Your safety net when n you’re off sick. s just £116.75/week — not enough for ur income so you can keep your n recovery. ur income to protect (usually up to horter wait = higher premium) before or 26 weeks). tops you working. nts until you’re back or the policy ends. She becomes ill and can’t work for 9 atutory Sick Pay of £116.75/week. With nth tax-free (60% of her income). l, not worrying about money. rt-term. pensive.” n be tailored to your budget with flexible cover options.
www.paradigm.co.uk/protection/ 0330 053 6061 [email protected]
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