Income protection

bc123456bc

Hi I'm looking out for income protection insurance and noticed alot have a initial period of 90 to 120 days where they will not pay out for unemployment. Is there any company that will cover you instantly or has a shorter period than this ?
Thanks

dunstonh

yes there are companies with lower qualifying periods for PPI and MPPI

Wutang_2

bc123456bc wrote: »

Hi I'm looking out for income protection insurance and noticed alot have a initial period of 90 to 120 days where they will not pay out for unemployment. Is there any company that will cover you instantly or has a shorter period than this ?
Thanks

Yes there are but you have to qualify (eg mortgage, employer, time in employment, etc).

So the answers are yes and yes but maybe not for you.

bc123456bc

What companies in particular do this ? Ive looked at a few but everything is tucked away in the small print and takes ages to find !
Thanks.

dacouch

Go and see an Independant Financial Advisers preferably one that specialises in income protection. They will know all the small print and find the most suitable one for your personal circumstances.

If you buy one of the internet and you make a mistake its your problem you have no come back on any one. If you see an Independent Financial Adviser and they make a mistake you can normally sue them for compensation as they carry insurance to cover giving the wrong advice

haggle_2

18 months ago yes now you have little chance of getting instant payout