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Income Protection

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Comments

  • Woby_Tide
    Woby_Tide Posts: 5,344 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    dunstonh wrote: »
    pick the cheapest and hope you dont get ill then. ;)

    payment protection plans rejected 86% of complaints in 2006.

    Is that complaints rather than claims? or just a typo?
  • dunstonh
    dunstonh Posts: 120,273 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    oops. typo there. claims is what it should say. I will correct. Thanks. WT
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • koexelek
    koexelek Posts: 7,847 Forumite
    I know companies will often fight tooth and nail not to pay out, but a figure that high ( if true) is shocking.
    I am a Mortgage adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • dunstonh
    dunstonh Posts: 120,273 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    koexelek wrote: »
    I know companies will often fight tooth and nail not to pay out, but a figure that high ( if true) is shocking.

    I know. I couldnt believe it when it was first put up. It does include all versions of PP and we know many of those are next to useless but an 86% rejection overall just highlights that if you pay less to buy rubbish then dont expect it to offer the same cover as the proper plans that probably cost a little more.

    You may as well not pay anything at all with some of these plans.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • i work in the building and construction industry (architectural technician) and it would appear nobody will cover me now, i have applied for various income protection policies with different providers and they have all turned me down :mad: Anybody any advice on this ????

    dunstonh - i think that figure of 86% is really scary, i wouldd imagine if alot of people were aware of this they wouldn't take out these policies.
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