Kevin Carr, CEO of the Protection Review, gives his verdict on the five key developments in protection this month.
Total Premium Disclosure Intermediaries may have noticed a subtle change to protection quotes recently, where the total premium over the term has been added to the quote, as well as the monthly premium. It is here to stay so, trying to be positive, we could quote the total premium first, before breaking it down: “Should you keep this for the full 25 years Mr Client, the total premium would be £7,500, which works out at just £25 per month.” Also, as monthly premiums across providers are often similar, it can be difficult to show a justifiable saving. However, if we compare quotes ...
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