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What do I look out for (I've seen the waiting times, anything else)?
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There are two types of income protection. Short term PPI (payment protection insurance) and long term PHI (permanent health insurance)
PHI is vastly superior to PPI. However, PHI itself has a wide variety of plans that you could classify into three different levels of cover ranging from budget, standard and comprehensive (they are not official terms but just a way of thinking about them).
The comparison sites mostly sell PPI as its limitations and higher profitability make it an easier sale. PHI is mostly sold by IFAs and whole of market protection advisers (typically mortgage brokers).
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Are there any recommended insurers?
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There is no one-size-fits-all best option.
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I wish all insurance was as simple as getting motor insurance ha.
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You do realise that there is actually quite a lot of differences in car insurance from the budget to the quality providers? Not as much as PHI or other types of insurance but still differences.
I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.