Ant insurance says that consumers can save money on their premium by up to £70 a month by combining a long-term and short-term income protection policy .
According to the insurer, significant savings can be made by deferring long-term protection and using a short-term policy to cover the interim period.
Pam Needham, director of Ant Insurance, said: "Deferring the start date of a long-term income protection policy by six months will significantly reduce the monthly premiums, in most cases by up to £100 a month."
According to Robin Carr, intermediary development manager for Bright Grey, accident sickness and unemployment cover on its own is very limited and if there are any concerns about the effects of longer-term sickness or disability, income protection should also be considered.
Deferring the start date of a long-term income protection could result in savings agreed Mike Fry, director of Cheshire-based IFA Halton Insurance Services, but noted that different types of occupations would have very different options available to them.
Save money by combining long and short-term income protection policies
Financial Services > Income lnsurance > News
Save money by combining long and short-term income protection policies
Wed, 16 Apr 2008
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