Mark Myers, CEO of British Friendly, pleased to lend its weight to the movement for change in the protection sector
The mutual insurer, British Friendly, agrees that list-based occupational definitions, such as Activities of Daily Living and Working (ADL and ADW) don’t work. The idea of income protection insurance based on work tasks will only lead to disappointment for policyholders when they come to claim.
Mark Myers, CEO of British Friendly, who is backing COVER’s campaign and ours said “the society was pleased to lend its weight to the movement for change in the sector.”
Mr Myers continued “We are pleased to pledge our support for this campaign and help to further build adviser and consumer trust in income protection,” he said. To us it is simple. As a mutual, our policyholders are our members.”
“If you are a plumber and can’t work as a plumber, we want to pay you. We don’t want to debate whether or not you can climb the stairs – that sort of thing only causes disputes and understandable anger,” he added.
With UK insurers now joining the campaign we can look forward to more pressure for insurers to move away from ADL’s and ADW’s and start to look at ways to offer all policyholders the superior own occupation definition.