Big brands charging 5 to 10 times more than i:protect

Because i:protect is a low cost high value provider we do not spend money of high profile marketing campaigns, banner ads or (is there anything worse) outbound telesales. Therefore when the Personal Finance Editor from the Guardian contacted me I was very pleased to confirm his research that i:protect offered some of the best rates around.

Another point came to mind, if I said leading banks and building societies were charging their customers between 5 and 10 times the premium for the same cover as i:protect, no one would have believed me!

I am a bit concerned that the reporting i:protect rate increases probably relates to my explanation of the structure of rating that I think gives the misleading impression that we put up rates by more than was in fact the case. Nevertheless, within the limitations of space, it does explain a complex subject and is a good consumer oriented article. I would recommend anyone interested in the value for money offered by i:protect to read it ‘warts and all’  – here is a link to the article: http://www.guardian.co.uk/money/2010/sep/04/ppi-cover

Just to support the foregoing here are several other primary sources for independent advice and price comparison: 

• FSA’s Money Made Clear comparison tables, i:protect are top for Payment Protection Insurance. For a typical buyer age 30-35 seeking £1000 Accident Sickness and Unemployment Insurance to cover their mortgage repayments and other expenses for one year, i:protect take the first 8 places for lowest premium out of the top ten policies. See the Money Made clear comparison ; http://www.moneymadeclear.org.uk/tables/table/  Supported by the independent Consumer Financial Education Body. 
• Money Supermarket Mortgage Protection Insurance comparison tables show i:protect dominate the top of their rating tables for the majority of buyers of Mortgage Payment Protection Insurance for Accident Sickness and Unemployment benefits.  This is the only comparison website that i:protect have joined as they compare ‘apples with apples’ for a true comparison of price for a given level of cover.
• Money Saving Expert’s buyers guide to Mortgage Payment Protection Insurance (MPPI) continues to list i:protect as offering the “cheapest unemployment cover” for anyone under 45. They advise shopping around for MPPI to save up to £500.

The Guardian article is good publicity for i:protect. I hope more people get to hear about the value for money we offer and appreciate how much can be saved buying on-line from a specialist. The big brand banks charge a ‘take your breath away’ price for the same product and it is good to know this is finally receiving the attention of the consumer press it deserves.

Finally, for all those who say I can’t spell here is a useful link and it’s a bit of fun to (or is that too?)   http://www.yourdictionary.com/library/misspelled.html

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Tags: cheapest Mortgage Payment Insurance, Compare Mortgage Payment Protection Insurance, Mortgage Payment Protection Insurance, Redundancy protection

This entry was posted on Monday, September 6th, 2010 at 12:20 pm and is filed under Income Protection Insurance, Mortgage Payment Protection Insurance, Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.