The Practical Protection Podcast

Hi everyone, we have our latest episode with our new regular contributor Alan Knowles giving you his insights from underwriting and advising. We are seeing more and more enquiries from social media influencers wanting to protect their income.  It is really interesting with social media influencers as they are tending to reach out for support with their insurances, from the mindset that they n...

Hi everyone, we have Sue Kissane (Underwriting Manager) and Caroline Hume (Key Account Manager) from Cirencester Friendly are joining me to discuss income protection and type 1 diabetes . We are talking about underwriting and claims, so that you can get a good idea how type 1 diabetes can be considered by insurers. There are approximately 350k people diagnosed with type 1 diabetes in the UK. It is...

Hi everyone, we are back with Season 10 and a new regular guest, the one and only Alan Knowles. Many of you will know Alan from different industry initiatives and he is joining us to give insights into underwriting for your clients.  We are kicking things off with a look at inflammatory bowel disease, specifically Crohns and Ulcerative Colitis , which are believed to affect well over 1m in th...

Hi everyone, I am back with the final episode of season 9 and we have some changes coming up with the podcast. We are saying a very big thank you and farewell to Matt Rann who has brought our underwriting insights for the last 6 seasons. Don’t worry, we will still be continuing with underwriting insights to help you better understand your client’s circumstances and the protection insurance options...

Hi everyone, we have Matt Rann back with us and we are talking about hepatitis and protection insurance. Hepatitis affects the liver and this can lead to some difficulty in arranging protection insurance, especially critical illness cover and income protection. The key takeaways: There are a lot of types of hepatitis: A, B, C, D, E, alcoholic and autoimmune Hepatitis is inflammation of the liver a...

Hi everyone, I am back with an episode on group income protectio n to talk through this brilliant product and how it can help companies and employees alike. Group income protection can cover income, national insurance contributions, pensions and provide access to medical professionals really early on if you are ill. In fact there are times where these service work so well that people completely re...

Hi everyone, we have Matt Rann back with us and we are talking about fibromyalgia and how this is considered in protection insurance. We are going through how fibromyalgia affects the body and mind of a person, there are a lot of symptoms and everyone is affected by the condition in a different way.   The key takeaways: Approximately 1 in 20 people are affected by fibromyalgia Key detail...

Hi everyone, I am back with an episode on group life insurance to talk through the key things to know when you are advising on this product. Group life insurance is very technical and it’s not possible to cover everything in this episode, but you will get a better understanding of what to watch out for as an adviser. The key takeaways: You can insure everyone or specific groups with group life ins...

Hi everyone, we have Matt Rann back with us and we are talking about thyroid disorders and protection insurance. I had postpartum thyroiditis after having my third child, which was not a fun thing to experience, and I can say quite confidently that you can feel pretty shocking if your thyroid is misbehaving. The key takeaways: 1 in 20 people have a thyroid condition and we’re talking through the m...

Hi everyone, I’m back with a short episode on how you can use life insurance to protect against the tax made on gifts. A lot of people think of gift planning as something that millionaires do and whilst that can be the case, many people are making gifts all the time without realising it. Giving a financial gift is a lovely thing to do, but without the right protection in place the person who recei...

Hi everyone, I have Cillian Tierney with me on the podcast to talk about the way that insurers in the EU are responding to the Right to be Forgotten. This legislation require insurers to give consumers the right to not disclose that they have had cancer when they apply for some protection insurances. The rules are different across countries and some might choose to say that you don’t need to tell...

Hi everyone, I am back with a short episode focused upon how you can protect against IHT with life insurance . Huge disclaimer from the start I am not a full financial adviser and there are lots of ways to do estate planning, I am just giving insight into how life insurance can work. The key takeaways: With a joint life second death policy one of your clients might be declinable, BUT, they can sti...

Hi everyone, I am talking about a very emotive topic today after being approached on social media as to how insurers view assisted dying. With recent debates on passing assisted dying laws in the Scottish and Isle of Man governments, it is something that is likely to be discussed by UK insurers at some stage. I have been very clear not to provide an opinion about whether assisted dying should and...

Hi everyone, I am back with another look at an insurance product that can be incredibly useful, especially for small business owners. Protecting your income is one of the key things that any of us can do, to try and give ourselves financial security for the future. As with any protection insurance it’s something that we hope to never have to claim on, but we will forever be grateful for if we have...

Hi everyone, I have Matt back with me and we are focusing upon protection insurance options for people living with atrial fibrillation. It can be quite interesting when speaking with clients who have this condition as the medical world and the insurance world can view atrial fibrillation quite differently. The key takeaways: You are 5x more likely to have a stroke if you have atrial fibrillation T...

Hi everyone, I am back with another focus on a business protection product, rather than the usual underwriting deep dive. This time I am going through the key points of relevant life insurance . In the podcast I discuss how relevant life insurance is an employer and employee relationship. It’s a thank you for your service to the company. I forgot to mention that one of the key ways to check if som...

Hi everyone, I have Matt back with me for the first time of Season 9 and we are focusing on hypertrophic cardiomyopathy . HCM is a heart condition that affects approximately 1 in 500 people in the UK and it can potentially be a higher risk for a life insurance claim. We talk about the different types of cardiomyopathy, how they affect the body and the usual causes of cardiomyopathy. Matt takes us...

Hi everyone, I am back with Season 9 of the Practical Protection Podcast and we are taking a look at keyperson cover .  Hopefully one of the simpler business protection policies that we can arrange, but I have certainly had some interesting conversations with people that don’t understand what this kind of insurance does. I remember quite a specific debate with a tax adviser who was saying the...

Hi everyone, I have Matt back with me and this time we are focusing on Antiphospholipid syndrome (APS). This is an autoimmune condition that increases the chance of someone developing blood clots. More women than men are diagnosed with APS and at the moment there is no specific reason why APS develops. It is thought that a mix of environmental factors can lead to APS developing, but there are stil...

Hi everyone, I am doing another product feature today with a look into shareholder protection . I can’t remove all the jargon but I’m going to do my best to make it as simple as possible! In this episode I am giving an overview of cross-option and company buy-back shareholder protection options. There are other ways of doing shareholder protection arrangements, but these tend to be the main ones s...

Hi everyone, we are talking about arthritis in our latest episode and taking a closer look at rheumatoid arthritis. When it comes to protection insurance rheumatoid arthritis is going to come up in the application questions at some point. Rheumatoid arthritis and the treatment for it can affect a lot of areas in the body and it’s a condition that tends to get worse over time, so insurers usually w...

Hi everyone, I am taking a bit of a different approach with some of the upcoming podcast episodes and I hope that you find it useful. I am going to take specific protection insurance products and do a summary of how they work and what to look out for as an adviser The first one is focusing upon insurance for Business Property Relief . In this episode I am explaining what BPR is and why it’s so imp...

Hi everyone, I have Matt Rann back with me for the first time in 2024 and we are talking about heart valve disease and how that mixes with protection insurance. There are a lot of heart conditions that we need to be aware of when applying for protection insurance and many often focus upon the heart muscle and what they are doing. With heart valve disease the focus is specifically upon the valves a...

Hi everyone, I am joined today by Paul Beven and Rachel Edwards from Verisk. They are a leader in travel insurance underwriting, so we are taking a step into general insurance for this episode.  Travel insurance is focused upon emergency assistance that you might require when you are on holiday. This could be do with your health, or are number of different situations that you might face. When...

Hi everyone, I have Debbie Smith who is the Chief Medical Officer at Swiss Re with me to talk about the trends that she is spotting when it comes to income protection claims. I first met Debbie at the LUCID conference earlier this year and I found her presentation fascinating. So naturally I asked if she could come and share some of her findings with my listeners! Debbie is sharing with us the tre...