Mar 15th 2010 Over Priced Protection Clear for All to See

When it comes to Payment Protection Insurance, biggest is not always best according to recent research from data specialists Moneyfacts, Defaqto and moneysupermarket.

Until now, it’s been impossible to compare loan, mortgage and income protection premiums, but with Moneyfacts’ latest findings on loan cover costs, consumers now have an ‘at a glance guide’ for all three.

In all cases, the tables reveal that although High Street banks and building societies sell over 80% of PPI policies, consumers are not getting the best deal.

Moneyfacts compared premiums per £100 of cover for loan policies and the findings were shocking. A 30 year-old taking out loan protection with the Royal Bank of Scotland, Natwest or Direct Line would pay over £25 per £100 of cover – that’s 10 x more than British Insurance’s product at £2.15.

With mortgage and income protection, the most expensive providers were around four and five times higher than the cheapest. These findings provide consumers with further proof that they should shop around for a better deal.

Simon Burgess, Managing Director of British Insurance Limited comments: “Banks and building societies have traditionally marketed their loan protection products on interest rates alone, so it’s been impossible to compare costs in this area – until now that is. With all three product tables completed, consumers can make more informed decisions and not be coerced into buying cover with their existing lender.”

He continued: “The big players have already had their knuckles rapped by the Office of Fair Trading for their anti-competitive practices and these tables clearly evidence how consumers are being ripped off.”

Unlike other providers, British Insurance Limited offers back to day one cover, ensuring consumers do not have to wait 60 days before receiving a pay out.

Simon Burgess is Managing Director of britishinsurance.com BritishInsurance.com, providers of ethical, low cost britishinsurance.com payment protection insurance (PPI) products. Simon is well-respected in the industry and by the press. He is known as a consumer champion for his very vocal views against companies who ‘rip-off’ their customers with over-priced and sometimes inadequate PPI policies.

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Mar 15th 2010 Health Insurance for the Home Based Business Owner

Most people who dream about having their own home based business put it off for one major reason – their health insurance and other benefits. Health insurance is important to any home based business owner, as you are the sole source of income for your business. If you fall ill and need treatment, your business and livelihood suffer without health insurance.

So, what are your options when it comes to health insurance? First, if you are married, you have the option to obtain spousal coverage through your husband or wife’s group insurance. If it is an option for your, then use it, as it is often much less expensive that purchasing your own individual policy.

Another option is to obtain group health insurance, which is beneficial as the health insurance plan cannot turn you away for any health problem. As a single home based business owner, you may not think you are eligible for a group policy, but many companies are now offering health insurance plans for “groups” of one. However, these policies vary by state and company, so you will need to do some research to find out if you are eligible.

Finally, your third health insurance option is to obtain your own individual coverage. If you are healthy and have had no pre-existing medical conditions, then finding an individual health insurance plan can be relatively easy. Due to these plans being subject to underwriting, a health assessment will be performed, and your state of health can determine whether or not your application is approved. Individual coverage can also be more costly depending on pre-existing conditions, or you may not be covered for any treatment related to the condition for a specific period of time.

Also, you will need to consider how much health insurance coverage you want, as the amount will determine your overall cost. Are you looking for vision, dental, or long term care insurance? Prescription coverage? It is important for you to look realistically at your budget in order to determine how much health insurance you can afford.

Read the rest of the article here: home-based-business-world.com/articles/health-insurance-for-the-home-based-business.htm Health Insurance for the Home Based Business Owner.

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Copyright © Charles Fuchs is an established online marketer who specializes in helping people start their very own Home Based Business. He specializes in showing people the best way to home-based-business-world.com/ Make Money Online.

I grant permission to publish this article, electronically or in print, as long as the bylines are included, with a live link, and the article is not changed in any way.

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