Which Should You Prioritise When It Comes To Protection Insurance: Quality Or Price?
On the surface, the above question might seem a rather silly one. After all, no one considers a protection insurance product - such as critical illness cover or income protection insurance - with a view to buying poor-quality cover. And even an attractive ‘headline’ price will be of little use if the given coverage doesn’t protect against the risks the policyholder needs it to protect against. However, many of us have been forced to consider quality versus price matters more frequently in recent times as far as protection insurance is concerned. So, let’s take a closer look at how you can best square this particular circle. Make sure you’re purchasing the right type of insurance product The term ‘protection insurance’ is a broad one, and the different forms of protection insurance tend to protect against very different things. If, for instance, you are currently doing a life and critical illness cover comparison , it is important to appreciate that critical illness cover is designed...