›

Income Protection Providers

benjaminfabibenjaminfabi Moderator
in Products & 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 
Share on Google+

Comments

  • arongunninghamarongunningham Member
    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.
    Share on Google+
  • DanAtkinsonUKDanAtkinsonUK Member

    the guaranteed bit is that the 'rates' by age are guaranteed rather than being reviewed based on claims expereince

    Dan Atkinson FPFS CFP APP Chartered FCSI
    Chartered Financial Planner
    Certified Financial Planner
    Head of Technical at Paradigm Norton

    Twitter: https://twitter.com/danatkinsonuk
    Instagram: https://www.instagram.com/danatkinsonuk/
    Share on Google+
  • arongunninghamarongunningham Member

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

    Share on Google+
Sign In or Register to comment.