dg mutual, an income protection specialist for self-employed professionals, has paid out 99% of claims for the fifth year running while settling claims faster than ever before.
It is the fifth year the Birmingham-based mutual society has paid out 99% of income protection claims, which is one of the highest pay-out rates in the industry. The speed of payments has improved with 67% of claims paid out within one week and 95% settled within two weeks; a 5% improvement on the previous year.
As 2012 continued to see tough economic times with the high cost of living, it has never been more vital for self-employed professionals to have income protection insurance to help stay afloat in times of illness.
The 2012 figures show that each new claim:
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Averaged 15 days' absence, proving it's not just long term conditions that can be covered
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The average age of a claimant was 46
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Seven percent of dg mutual members made a new claim in the year.
Call 0121 452 1066 or visit www.dengen.co.uk.
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Claims settled at super speed. Br Dent J 214, 130 (2013). https://doi.org/10.1038/sj.bdj.2013.138
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DOI: https://doi.org/10.1038/sj.bdj.2013.138