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Definitely time to take cover With the credit crisis placing jobs at risk, insurance has never been more important, says Myra Butterworth
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Millions of people without adequate insurance are being urged to
protect their finances amid growing fears about unemployment as the
credit crunch takes hold.
Last week, The Daily Telegraph revealed how estate agencies are
closing at a rate of 150 a week, with 4,000 job losses since the
start of the year. Within days, UBS, the troubled Swiss bank, was
reported to be cutting hundreds of jobs in London to see it through
the current market turmoil. The job losses are the clearest sign yet...
Related newspaper, magazine, and journal articles from HighBeam Research
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More income protection, less MPPI: experts.
Financial Adviser
; Leading industry commentators have spoken out against mortgage payment protection insurance and have claimed IFAs should be selling more income protection at an inaugural taskforce meeting. Speaking at an income protection taskforce meeting in London on 11 December, commentators applauded the
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ABI aims to clarify labelling of PPI and IP plans.(Association of British Insurers)(payment protection insurance)(income protection)(Brief Article)
Financial Adviser
; Confusion over payment protection insurance and income protection must be addressed by those selling policies, according to the Association of British Insurers. Jonathan French, spokesperson for the association, said those providing payment protection insurance and income protection products must
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Avoid taking the easy option.(mortgage payment protection insurance)
Financial Adviser
; MANY of your clients who have taken out a mortgage in recent years may have bought mortgage payment protection insurance at the same time. For some people it will have been a very quick decision to tick the box on the mortgage application form and they will have been covered straight away. It is
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Quick and easy is not the best.(mortgage payment protection insurance)
Financial Adviser
; There has been much talk recently about the value of mortgage payment protection insurance (MPPI) products. This has focused on the profits some banks make by selling it and whether it offers consumers value. Certainly, there is a huge difference between the cost of MPPI products across the
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Now is the time for income protection...
Financial Adviser
; Byline: There is a need for income protection, but clients and advisers need to use the best products It's fact of life that you can do very little in this world without a regular income to pay for it. According to a recent family spending survey, the average UK family spends around AGBP430 a
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The cost of living.(evaluation of income protection insurance)
Financial Adviser
; Byline: Obsession with price may initially encourage processes to be more efficient but ultimately it stifles product innovation by Nick Telfer Income protection insurance is nothing new, with roots back in the era of Victorian philanthropy. As in the 19th century, there is still an unquestionable
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Make your mortgage as safe as houses Payment protection insurance looks like a good idea, but read the small print and shop around, says John Greenwood - your lender may not offer the best deal
The Sunday Telegraph London
; Homeowners in fear of higher interest rates and rising unemployment should check the small print before taking out insurance to cover mortgage payments if they cannot work. Research from Citizens Advice released earlier this month showed that 770,000 households had missed mortgage payments in the
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 "The Mirror (London, England)")
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YOUR money: LOAN letdown; WHY PAYMENT PROTECTION LEAVES SO MANY EXPOSED.(Business)
The Mirror (London, England)
; Byline: By JOHN HUSBAND BORROWERS are forking out at least pounds 350million a year for payment protection policies that don't pay out. We spend around pounds 5billion each year on cover for mortgage, credit card and loan repayments - almost as much as we do on car insurance. Yet insurers reject 15
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Low CI costs 'hurt income protection'.(Income protection)(Critical illness)(Portfolio Insurance Consultancy )(Brief Article)
Financial Adviser
; THE future success of income protection lies in the pricing of critical illness policies, according to Legal & General. Graham Newitt, managing director of intermediary solutions for Legal & General, said that income protection was a Cinderella policy to its protection stablemate critical
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Development needed for income protection.
Financial Adviser
; THE protection industry is not doing enough to develop income protection products, Bright Grey has warned. Roger Edwards, products director for Bright Grey, said while much of the industry's focus was on critical illness and the next generation of products, income protection was in greater need of
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