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Income Replacer
Lilsgran
Posts: 1 Newbie
We were sold an Income Replacer insurance in 1996 which we paid for a period of 8 years at just over £32 per month. On the personal profile financial plan which were given during our discussion with the banks representative it says that we are recommended to take out "payment protection benefit" in the event of illness, accident, disability or unemployment. Is this the same as PPI?
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Comments
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Is this the same as PPI?
it could be PPI or PHI.
The fact it is on a financial plan suggests it is more likely to be PHI but the mention of unemployment suggests PPI (as PHI doesnt cover unemployment).
The fact you have a report would indicate an analysis and recommendation has taken place. The sort of thing that is more likely to lead to rejection unless there is a technical failing (i.e. advice was wrong).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.0
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