Insurance Providers believe sales of income protection will rise in 2008.

Research carried out by Life Search found that 40% of staff at 28 insurers and reinsurers thought income protection sales would increase in 2008. 

Matt Morris, LifeSearch’s policy adviser, said there had been a more “positive vibe” around income protection recently, with recent figures from the Association of British Insurers showing an increase in new business sales and a raised awareness of the product among advisers.

He said: ‘There is also more awareness generally among the public – the economic uncertainty has resulted in more consumers becoming interested in ways to protect their mortgage. People are worried about redundancy and there is more scope to sell income protection off the back of that.’