Income Protection Providers

Hi,

Holloway Friendly Purely IP is coming up over 20% cheaper than LV and Royal London, who I'd usually default to. Before I spend an hour in the T&Cs has anyone got any insight on why this might be so much less?

Thanks

Benjamin Fabi FPFS
Chartered Financial Planner

Comments

  • edited March 2019

    because it's age-costed?

    I did a quote recently showing AIG is best level premiums (best as in the lowest cost)

    If you use The Exchange I'm pretty sure it mixes level with increasing premiums - you can specify guaranteed but that's a misnomer, because some are guaranteed to increase (please tell me if there's a way to removing the increasing ones)

    • British Friendly also coming up top of the charts, but also increasing.
  • the guaranteed bit is that the 'rates' by age are guaranteed rather than being reviewed based on claims expereince

    Chartered Financial Planner FPFS APP Chartered MCSI
    Head of Technical at Paradigm Norton

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  • Yeah. I think you should be able to specify 'guaranteed - level' or 'guaranteed - increasing'

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