CMI Working Paper 136 was published in September 2020. It covers the final “IP11” Series claim inception and termination rates based on CMI income protection experience in the period 2007-2016. The working paper:
• Contains an overview of the final “IP11” Series rates;
• Summarises feedback on the proposed rates, issued for consultation in Working Paper 131 and the Committee’s responses to this feedback; and
• Discusses future work.
A spreadsheet of “IP11” claim inception rates is available alongside this paper. This replaces the spreadsheet of claim inception and sample termination rates made available alongside Working Paper 131.
More accurate “IP11” claim termination rates can be derived using the latest version of the CMI IP Rate Table Tool, which incorporates the “IP11” rates.
Note: the working paper is available to Authorised Users only.
A briefing note on the final “IP11” claim inception and termination rates has also been issued and is publicly available alongside this paper. It provides an overview of the rates and is aimed at those receiving advice based on the tables, such as Non-Executive Directors.
If you have any questions about the CMI please email
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