Income Protection Insurance

I'm looking to get quotes to cover unemployment as well as injury/illness, I've only come across one supplier which seems a bit odd, I thought there were loads of them, any pointers, please?

Are there any links on the site that benefit the site?

Comments

  • Sandtree
    Sandtree Posts: 10,628 Forumite
    10,000 Posts Fourth Anniversary Name Dropper
    Sounds like you are looking for the budget version that's better known as PPI or ASU?

    Because they are annual policies lots of companies stopped writing it, particularly the unemployment aspect, due to Covid and so lots of people finding their policies not being renewed or being renewed on premiums 3-5x what they were charged last year. They are being very cautious about re-entering the market for new business.

    This site is owned by MoneySupermarket so you can just use www.moneysupermarket.com/income-protection/quote/cover which is their introducer link to a broker.
  • dunstonh
    dunstonh Posts: 119,381 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I'm looking to get quotes to cover unemployment as well as injury/illness, I've only come across one supplier which seems a bit odd, I thought there were loads of them, any pointers, please?
    The market for PPI was at deaths door following the PPI misselling issue.   A lot pulled out with that.  Then CV came along and for a period you could not buy it at all and many providers ended cover on policies already in force.     There has since been a few companies return to the market but you are not going to see many.



    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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