Disability insurer revamps group cover

Fri, 27 Jun 2008

Unum, the disability insurer, is redeveloping its underwriting processes for group income protection schemes after claims by its chief medical underwriter that income protection is a stagnant industry.

Unum is now considering offering cover for employees who, before taking out the insurance, have had a heart attack. It will also provide cover for people with a range of potentially serious illnesses, such as cancer, paraplegia, back pain and diabetes .

Andrew Potterton, chief medical underwriter for Unum, said the insurer had looked at the actual behaviour of the potential client and then made the changes, choosing those who had shown an inclination to keep on working.

He said: "People have heart attacks but it is ridiculous to say this is the end of someone’s working life. If someone is at the top of their career then they are more likely to go into work, however we found those at the lower end of the socio-economic scale were more likely to have negative feelings about working, thereby making them a greater risk."
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