Protection advisers report growth in sales – PRIMIS

Ninety-five per cent of surveyed advisers have reported growth in protection sales, PRIMIS has revealed.

The poll carried out by PRIMIS, which is part of the LSL Group, found that 69% of respondents believe greater awareness of the need for protection cover post-COVID had driven buyer interest and additional sales.

Meanwhile, a further 10% also attributed improving affordability as a factor to this rise in deals.

Life insurance was found to be the top product being taken up by customers, followed by income protection and critical illness.

PRMIS also found that family protection and private medical insurance also featured among the products that customers were more focused on.

Looking ahead, 95% of advisers stated that they felt optimistic about the future of the market.

Director of strategic partnerships at LSL Financial Services, Craig Hall, said: "It’s great to see that customers are recognising the increasing importance of protection, above and beyond their mortgages.

"[This year] has been publicised as a big year for mortgage maturities, with the second half of the year seeing the majority of the activity. This trajectory will continue into 2026. We have also seen an increase in purchase activity during the first half of the year following reductions in the base rates, SWAP rates and mortgage pricing, which reduces borrowing costs providing more disposable income to address protection needs.,

"Whether borrowers are coming off five-year deals or two-year deals, they are likely to see their monthly repayments vary significantly, some borrowers may face payment shocks whilst others will see a reduction in their monthly mortgage payments. This highlights the need for independent mortgage and protection advice."



Share Story:

Recent Stories


FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.


NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?

The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.


Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?



In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.

The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.

In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.