QuoteLifeCover

  The task of picking out the right protection insurance policy for your needs can undoubtedly be difficult - as our own team knows full well! A lot of the reason for that is the confusion that can arise due to the various terms bandied about that might sound similar, but don’t necessarily indicate the same thing. Consider, for example, payment protection insurance, or PPI. The very mention of this controversial form of insurance might bring to your mind the mis-selling scandal of several years ago - so why do there seem to be so many brokers online offering ‘mortgage payment protection insurance’? Are they selling the same product that was massively problematic to so many people some years back? The short answer is no - MPPI and PPI are not the same Mortgage payment protection insurance - also often referred to as simply ‘ mortgage protection insurance ’ - and PPI do have something common in that they are both types of income protection. Although of course, ‘mortgage pro...

The fact that you are reading this indicates that you already appreciate how invaluable a life insurance policy could be for protecting your loved ones from financial hardship. Such a policy works by providing a one-off, tax-free lump sum in the event of your death. But of course, the above is not the only thing you need to know about life insurance if you are serious about purchasing a policy. That’s why we make available a free advice line, staffed by UK-based experts, to help you if there’s anything you’re unsure about. For this blog post, though, we thought we’d spotlight just three of the many mistakes that people can make in their search for a life insurance policy - all the more reason to get in touch with us if you are uncertain about the most suitable next steps. Failing to understand ‘low-start’ policies As the term suggests, a ‘low-start’ life insurance policy is one that starts out cheap, but which then has increasingly expensive premiums over the course of the pol...