I have a subscription to motley fool news letter, not the paid ones but, the free ones where they send a daily teaser A headline like “This company is going to get the Walmart’s business away!”.
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The predatory sale of Payment Protection Insurance has been going on in the UK for more than a decade. For this unfamiliar or apparently unaffected, PPI is an additional insurance product added to the purchase of loans such as mortgages and what have you.
There may not be another industry where overspending is more common than life insurance.
With nearly 1200 reputable, licensed companies offering around 10 types of policies, and most priced in 12 risk categories, there are over 140,000 possible options! Whew!!