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Life Assurance and Income Protection - Advice required please!

mark07
mark07 Posts: 23 Forumite
in Insurance & life assurance
I currently have a critical illness policy. However, reading up on the life assurance tips on this site I'm going to scrap that and instead get level term cover and an income protection policy.

I have a few questions/issues however before I go ahead, so require some advice please.

Life Insurance
I have done a quote on the recomended sites, but what is the difference between premium and benefit driven policies?
Also, what is 'Waiver of Premium?

Income protection policy
Is there a good brokers site wherby I can get a income protection policy quote?

:confused: Any help and guidance much appreciated.:confused:

Thanks
Mark

Comments

  • dunstonh
    dunstonh Posts: 121,352 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    what is the difference between premium and benefit driven policies?

    Premium is when you choose the premium you want to pay. benefit is when you choose the sum assured.
    Is there a good brokers site wherby I can get a income protection policy quote?

    It has very poor coverage online. Probably as its a complicated product and low profit.
    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.
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