Girls' World

For far too long, income protection (IP) has been viewed as the poor relation to other financial products by both advisers and consumers. Advisers point the finger at the high relative cost of this insurance compared to other products - but is this justified? Premiums are carefully calculated to reflect the risk assumed by the insurance provider and doing this provides a cost-effective solution to the transfer of risk from the individual to the insurance company. So while at a very superficial level IP may appear expensive compared to life assurance and even critical illness (CI) produc...