Who needs income protection?
Here is a quick explanation of who needs income protection – and why they need it.
Read moreScandals of recent years such as Payment Protection Insurance (PPI) and the widespread repayment of claims has given the ways of protecting your income a bad name. PPI was sold to protect loans and credit card payments. But policies were often not as comprehensive as customers believed. And customers only realised that they were not protecting their income as they thought when a claim was made.
Permanent Health Insurance (PHI) is the most comprehensive insurance to protect your income. PHI is very different to PPI but it can involve a detailed and complex application form. And at A Miller Financial we’re happy to guide you through this process.
A PHI application will ask many questions about health and the plan will pay out if all the questions are answered honestly during the application. The insurance company will reject or accept the application. Then, when a successful claim is made, it will pay a replacement income for the remainder of the policy, or the rest of the customer’s working life.
PHI can be expensive, but good advice will help you get the best cover. There is a lot of choice for income protection insurance. So, the help of an expert will help you find the best insurance cover for your needs.
If you’re looking for a local independent adviser for income protection, speak to us today.
Email or call us on 01872 307308 to have a confidential discussion, with no obligation
Here is a quick explanation of who needs income protection – and why they need it.
Read moreA mortgage rate is neither’good ‘nor ‘bad’ it depends entirely on the circumstance of the applicant. There are several factors…
Read moreA fixed rate mortgage means your mortgage repayments are protected from an increase in interest rates during the term of…
Read moreFalmouth is one of the UK’s property hotspots for 2016-17. We know it’s a thriving waterside university town with a…
Read moreTruro is an intimate city, and the commercial heart of Cornwall. Our offices are at the bottom of Lemon Street…
Read moreRenegotiating fixed-rate mortgages is easy and straightforward – if you give yourself enough time before the term comes to an…
Read more