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Name change put forward for ‘elitist’ PMI

Private medical insurance should be renamed because it is too elitist, say protection experts Peter Le Beau and Andy Couchman.

Couchman proposes to change the name of PMI to medical insurance or health insurance. He also proposes to rename long-term care insurance as care fees insurance and waiver of premium as premium skip but see strong reasons to leave income protection alone. Couchman says: “Do a search on income protection and it will show hundreds of websites offering you some form of payment protection or creditor insurance rather than IP in its long-term insurance guise.”

If you want to comment please email andy@andy couchman. com or peter@lebeauvisage.co.uk

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