Why is PHI more expensive for women than men?
Statistically women are more likely to suffer illnesses during their lifetime compared to men. This means they are classed as a higher risk as they are more likely to claim on their PHI policy and the insurance companies are more likely to pay out. To counteract the greater chance of them paying out the insurance companies will charge more to insure women for PHI than men.
Endsleigh Financial Independent Tailoring can offer much more detailed advice on Permanent Health Insurance and its associated costs through our trained, salaried staff. By not paying our staff a commission for the products that they sell we offer a truly independent UK whole of market service.
We endeavour to save you time and money by searching the Permanent Health Insurance market on your behalf to find you the best policy to suit your individual circumstances.
This Permanent Health cover comparison service is free (unless you opt to pay a fee for our advice). Compare permanent health insurance policies by completing our online quote form.