BUILD: Protection

Our BUILD: Protection sessions are designed to help you meet a chunk of your IDD requirement, by bringing you the latest trends, and a range of themes within the world of protection, to ensure you are genuinely gaining some insight and development, and not just ticking that CPD box.

A range of speakers will help you view protection and insurance planning in a new light and, who knows, may even get you excited to embrace the IDD requirements…

Agenda

CIC v IP and the impact of Consumer Duty – The Verve Group

In this session, Paul will revisit the ongoing debate around what are the most suitable recommendations for a client, how you discount alternative solutions based on specific objectives and the impact Consumer Duty will have on protection advice.

Learning outcomes include:

  1. Demonstrate the pros and cons of Income Protection and Critical Illness cover and how they can complement each other.
  2. Analyse all of the appropriate protection options for a client with the aim of recommending the most suitable based on need and shortfall
  3. Explain the impact the Duty is having on protection advice, particularly with regards to Consumer Understanding and Support.

Inheritance Tax Planning Using Regular Premium Protection Plans – Royal London

In this session, Adrian Bates will set the scene by looking at IHT, what it means for your clients and what is the opportunity. He’ll look specifically at: 

  • Using WOL plans in IHT planning and demonstrating their true value.
  • Gifting – how it works.
  • The protection opportunity.

Deadline to Breadline – Legal and General

Consumers still underestimate the need to protect themselves, which is reflected in the fact that pets are still better protected than their owners!

In this session, Legal and General will explore their most recent Deadline to Breadline research which assesses the financial stability of people across the UK and how long they could survive if all they had to rely on was their savings. They will delve deeper into the new myths and misconceptions findings that, in many cases, prevent consumers from engaging further with their financial plans.

They will also share some hints and tips to overcome these common barriers and look at the key reasons why 92% of respondents currently don’t have cover, and how advisers can help, protect and support more people…

Learning outcomes include:

  1. Analyse the ‘Deadline to Breadline’ research in order to identify the common myths and misconceptions around the need for protection.
  2. Demonstrate how the research, tools and calculators can be used to highlight a client’s areas of risk and position an affordable solution.
  3. Explain how the benefits of protection policies can improve a client’s financial reliance at a time of need due to the sickness, injury or death of a breadwinner.

Date

Apr 20 2023
Expired!

Time

9:30 am - 1:00 pm

Location

Online
The Verve Group

Organizer

The Verve Group
Phone
01325 952116
Email
hello@weareverve.co.uk
Website
https://weareverve.co.uk
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