Income protection: another PPI?

[Scruff]

Does this insurance cover for stuff like Jury Service?

Not unless it makes you so ill that you can't work for the minimum period before claiming?

[Spartacus]

PPI: protects repayments on a specific credit product. It's mostly the single premium products lumped onto a loan that were mis-sold and sometimes sold fraudulently. The regular premium products aren't nearly as bad or expensive. They are cluelessly lumped together and due to volumes banks just choose to pay up so it is assumed everything was mis-sold.

Income protection: provides an income if you fall sick, out of work and/or suffer an accident. Not tied to a particular product. Usually underwritten. They are priced according to how much cover you want and as with any form of insurance due regard should be given to the T&C's. Their value can be be considerable if you do need to claim on it, especially due to an injury.

I have an income protection policy with Aviva.

This morning's headlines: ContractorUK in "someone posts who knows what they're talking about" shocker.

[adam42]

I sent off the enquiry form to Contractor Financials. Let's see.

[Troll]

Having said that I do have life assurance until I'm 65.

DO they "review" it every 5 years? and surprise surprise it always reduces the sum assured for the same premium
tw@ts!

[SueEllen]

DO they "review" it every 5 years? and surprise surprise it always reduces the sum assured for the same premium
tw@ts!

It's his fault for being 5 years older each time and being more likely to die.