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Whats the Foolish opinion on Income Protection insurance?

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Whats the Foolish opinion on Income Protection insurance?

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0 TMFVerity posted Hi Fool288169462 We have a healthy cynicism about PPI as some companies have historically charged extortionate rates for this type of insurance in the past and made it very difficult to claim against but now this type of insurance is being regulated by the FSA, you have a better chance of getting a fair deal. I’ve got a feeling that if you have a look around you may be able to save money on the deal that you’ve currently got. Not sure exactly what type of cover you have, but in this article by my colleague, Fool Expert Neil Faulkner, he mentions finding Mortgage Payment Protection Insurance at rates as low as £2 per £100. Take a look at his article below http://www.fool.co.uk/news/your-money/insurance/2008/10/07/its-time-to-buy-ppi.aspx?terms=ppi This article by Fool Expert Cliff D’Arcy gives a bit of background to PPI in general http://www.fool.co.uk/news/your-money/insurance/2008/09/12/the-end-is-nigh-for-ppi.aspx If you do find that you need to make a claim, (it’s

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