Personal payment protection for a 'peace of mind' loan

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Taking out a personal payment protection insurance policy at the time of the loan ensures the premium for the loan is paid in the event of accident, sickness or unemployment.

Particularly important if you are consolidating existing loans or repayments, and you want the maximum peace of mind from the loan.

Payment Protection Insurance.
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In the event of accident, sickness or unemployment, a personal payment protection plans (PPP) will pay the monthly repayments on your loan.

If your loan helps with your financial peace of mind or if you are uncertain about the financial future, then a PPP should certainly be considered.

The cost of the loan is covered for up to 24 months in total with a maximum of 12 months for any single claim. Your loan repayments are covered for unemployment claims and again for accident and sickness claims.

Benefits of PPP cover may include:
• Unemployment cover for most occupations
• Self employed plans include unemployment cover due to bankruptcy or insolvency of the business, injury or sickness
• Automatic acceptance - no medial evidence required
• Accident cover even as a result of hazardous leisure pursuits
• Sickness and hospitalisation cover
• Life cover
• Cover can be arranged for up to 5 years and is renewable if the loan is still outstanding

* LOANS SECURED ON PROPERTY. YOUR HOUSE IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT.


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