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life policy or endownment

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  • The_J
    The_J Posts: 1,250 Forumite
    Doesn't sound like it's staying the same!
    initial sum assured/death benefit £21,984
    current sum assured/current death benefit £9,169
    The J is a Financial Advisor-This site doesn't check anyone's status and as such any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Always seek professional advice.
  • jesmin45
    jesmin45 Posts: 172 Forumite
    oops its decreasing, its the payment detail thats level as opposed to escalating.
  • dunstonh
    dunstonh Posts: 119,633 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Agree with dunstonh (decreasing life and critical illness cover) but it's not PHI the "premium protection" is waiver of premium (actually a form of PPI).

    Waiver of premium is not PPI. PPI is short term insurance offered by general insurance companies. Waiver of premium is long term insurance offered by life assurance companies. PPI is not underwritten at point of sale. Waiver is.
    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.
  • magpiecottage
    magpiecottage Posts: 9,241 Forumite
    1,000 Posts Combo Breaker
    dunstonh wrote: »
    Waiver of premium is not PPI. PPI is short term insurance offered by general insurance companies. Waiver of premium is long term insurance offered by life assurance companies. PPI is not underwritten at point of sale. Waiver is.

    It also only covers sickness/incapacity, not unemployment.
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