Protection made personal

insurance

Earlier this year protection products came under the spotlight when regulation brought with it a whole set of stringent requirements. But now the emphasis is on giving the right advice to make sure customers are getting the best plan

Following the regulation of protection products in January, there has never before been a greater focus on the importance of protection advice. Many of the products in this sector have often been seen as little more than simple commodity purchases. But, if a customer's protection planning is wrong, the consequences can be serious. Let's consider the pros and cons of the main products. l Payment protection insurance (PPI) - including MPPI and accident, sickness and unemployment Cover (ASU). With more than 25 million policies in force in the UK, PPI is the most common, but often the least s...