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Mis-sold Ppi
I can remember going to my bank in the late 1990s to enquire about a loan for a new car. I`d fell in love with this slinky, silver sports car and being a single male at the time, with plenty of disposable income, I thought I`d treat myself to this flashy kind of motor. The bank eventually approved my loan but I was forced into taking out payment protection insurance at the same time. I`m not sure why I took it out to be honest. I think I felt pressured into taking out the policy because the person whom I spoke at the bank said it strengthen my initial loan application if PPI was in place. Nothing was explained to me about the PPI and how it would cover sickness payments or payments for the loan if I was made redundant. In fact, I think I was Mis-sold Ppi by the bank and had it not been so long ago I would put a claim in against the bank in question. Over the years countless customers have been Mis-sold Ppi policies through the banks. Huge profits could be made out of PPIs so you can see why banks would push them onto their customers. Today people are fighting back. Anyone who thinks they might have been Mis-sold Ppi polices in the past can speak to claims management firms who will take their case on and try to recover as many payments as possible.

Life insurance could be even cheaper if you change how you pay the premiums.

Most policyholders pay their premiums monthly but many life insurance companies give customers who choose to pay their premiums annually a discount.

Cheaper Premiums or More Cover
Over a typical 25 year term, life insurance customers could save 18 months worth of premiums and even more in some cases. Life insurance premiums already offer good value for money but few people are aware that by paying for their cover once a year rather than every month they could make further savings or buy extra life cover for the same premium.

When you insure your car, house, or holiday you would expect it to cost less to pay annually rather than monthly. Why should life insurance be any different?

If the cost of life insurance starts to rise the option to pay premiums annually can be a useful means to keep the cost within your budget.

How to Pay Annual Premiums and Save
If you`re considering buying a life insurance policy, simply obtain quotes from a range of insurers with annual and monthly premiums to compare the cost saving.

If you`re an existing policyholder, contact your life insurance company and ask...

Do you offer a discount for annual premiums?

Can I change my policy to annual premiums?

If this option is not available for your policy, compare your existing monthly premiums against the annual cost of a new policy. If the savings outway the costs, consider taking out a new policy with annual premiums.

For more information about this article and/or the author visit http://www.life-saver.co.uk

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