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Income Protection

clark1982
clark1982 Posts: 245 Forumite
in Insurance & life assurance
Hi,

I'm looking to take out a income protection policy.

Anyone know of any trustworthy companies?

I've been looking at british insurance?

Really unsure who to sign up with!

Thanks
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Comments

  • jasonking
    jasonking Posts: 123 Forumite
    British Insurance dont sell income protection, they sell varieties of ASU/MPPI which is completely different as it has exclusions and only pays out for 12 mths. True Income Protection (PHI) doesnt...you should speak to an adviser to get IP quotes
    I am a director of Torquil Clark Life Insurance (formerly Life Policies Direct), a specialist protection broker. Posts on this forum do not constitute or imply advice and are for discussion purposes only containing generic information. If you need individual guidance please seek advice from a suitably qualified, registered and authorised financial adviser
  • dunstonh
    dunstonh Posts: 120,350 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    This marketing ploy that some ASU policies have done by making out they are income protection plans is creating a lot of confusion. It's is happening way to often with people doing DIY.
    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.
  • TEDDYRUKSPIN
    TEDDYRUKSPIN Posts: 1,528 Forumite
    Income payment protection pays until retirement! The one's including unemployment will usually pay out for 12 months or 24 months.

    As for well known companies, they usually payout. HSBC payout and other high street lenders such as TSB etc. If you have not heard of them, don't pay.
    Motto: 'If you don't ask, you don't get!!'

    Remember to say thank you to people who help you out!

    Also, thank you to people who help me out.
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