Presentation on theme: "PMI vs. Protection Protection Review, July 2013 Complimentary Alternative."— Presentation transcript:
PMI vs. Protection Protection Review, July 2013 Complimentary Alternative
Protection Review | July 2013 2 PMI market data Laing & Buisson report
Protection Review | July 2013 3 Sample EB spending…..
Protection Review | July 2013 Disability insurance provides an income to protect lifestyle during periods of absence (whatever the cause); can also maintain insurance cover during this period Critical Illness traditionally pays a lump sum – possible to further refine cover – staged payments on diagnosis, treatment and post-care Major Medical Expenses offers further flexibility and draws the protection solution closer to what PMI provides But, what about consultants, diagnostics and so on? – possible to provide but likely to be expensive – self-insurance is probably the best approach – perhaps the traditional GP route provides the best approach? 4 Protection solutions