Social Security and Welfare Reform

Private Insurance and Social Security

  • Published 27th Feb 2017
  • Authors: Peter Kenway, , Carla Ayrton, , Adam Tinson,
  • Category: Social Security and Welfare Reform

This paper reviews how the benefits received from income protection (IP) insurance and other insurances taken out by individuals affect entitlement to social security. The immediate reason for researching this subject is the Government’s Green Paper on work, health and disability entitled Improving Lives. The consultation on the Green Paper is not directly concerned with the interaction between IP and social security but it is a factor that insurers must take into account and so affects the role they might play in realising the Green Paper’s objectives. This paper is both a response to the Green Paper and a resource upon which others can draw.

About this report
This report was funded by Aviva, LV=, Scottish Widows, SCOR and Swiss RE and written by Peter Kenway, Carla Ayrton and Adam Tinson of the New Policy Institute. The facts presented and views expressed in this report are those of the authors and not necessarily those of Aviva, LV=, Scottish Widows, SCOR or Swiss RE.