Safeguard your financial future with payment protection insurance cover
- 23RD SEPTEMBER 2007
If you have loans or credit cards and work full time then it is essential that you plan for the future and the unexpected in case you should find yourself without an income and so cannot afford to keep up the monthly repayments.
While savings would help should you become unable to work due to accident, long term sickness or redundancy, these could quickly become depleted leaving you with a serious struggle on your hands each month and this adds to the stress already there. If payment protection insurance cover suits your needs then it could give you peace of mind and get you through the bad times until you are fit enough to return to work or find employment.
Payment protection insurance cover (or ASU insurance as it is sometimes called) could provide you with an income each month to ensure that you could continue to meet your loan repayments. The income is a tax free sum that begins paying out once you have been out of work for 30-90 days or more, depending on the insurer, and would continue to pay out for up to 12 months (and with some providers, it can run for up to 24 months).
The exclusions have to be taken into account as not everyone could benefit from having the protection it brings. Exclusions are certain conditions that mean you cannot claim and include being of retirement age, self-employed, only in part time work or suffering from a pre-existing medical condition. Some of the common reasons which keep a person from work are also excluded from the majority of payment protection insurance cover policies. For example, back problems and stress related problems wouldn’t be able to be claimed for on most policies.
A standalone and independent payment protection insurance cover specialist is the best way to ensure that you get the information that you need in order to determine if a policy would be suitable for your needs.
The information that ethical specialist British Insurance provides is in plain English and they also offer some of the cheapest premiums or their products. As they are a specialist they back up their award winning products with years of experience which ensures that you can safeguard you future by buying payment protection insurance cover without worry.
