When it comes to income protection insurance, standalone providers are the cheapest
- 4TH JULY 2007
Income protection insurance can give you peace of mind should you find yourself out of work due to unforeseen unemployment, accident or long term sickness. A good income protection insurance policy will protect you typically for up to 12 months by providing you with an agreed amount of money every month if you have been out of work for 30 days or more.
However there has been much bad publicity surrounding the income protection insurance sector and it is still under investigation by the Competition Commission.
The majority of those financial organisations who have been found to mis-sell and charge high premiums for the cover are the high street lenders where consumers are often mis-led by the lenders into thinking the income protection insurance cover has to be taken out at the same time with loans and credit cards.
When it comes to income protection insurance, standalone providers are by far the cheapest and best way to go. British Insurance is one standalone and specialist provider who offers income protection insurance that can give you savings of up to as much as 80% on your premium.
Simon Burgess is the very outspoken Managing Director of British Insurance who never stops proclaiming the fact that consumers should shop around when it comes to taking out a policy saying that income protection insurance can be bought anywhere but not all polices are of the same quality and certainly aren’t the same price.
British Insurance can provide good advice along with their policies and make the process of applying online for the cover easy. Getting cover with British Insurance is as simple as typing in the amount of cover you require and instantly seeing how much the premium will be.
