Does Protection Pay?
Following a recent survey of 5000 UK adults it turns out that most people think that protection pays out at claim less than 50% of the time!
The reality is totally different to this.
All the major providers have now released their protection claims stats for 2020 and it is incredible how much has been paid and also the percentage that has been paid.
Aviva alone paid out over £1,000,000,000 - that's £1bn in protection claims in 2020.
Over 50,000 people received money when they needed it most.
Aviva paid out 98% of all claims.
L&G paid out £763,000,000 - 96% claims accepted
Royal London paid out £591,000,000 - 99.6% claims accepted.
Vitality will have their results out shortly.
These are incredible figures and a testament to the industry and how we are helping real customers.