LOW COST loan protection insurance
PROTECT YOUR LOAN REPAYMENTS WITH OUR ACCIDENT, SICKNESS & UNEMPLOYMENT INSURANCE
If you have a loan and wish to take out loan protection insurance to protect your
loan repayment you may do so by taking our accident, sickness and unemployment policy
(co-branded as loan protection, lifestyle protection or income protection).
You may insure the figure that will cover your monthly loan payments or add to your
cover amount to help you pay your other outgoings as well, provided that figure
does not exceed 65% of your gross monthly income to a maximum of £1500 per month.
When your loan period comes to an end, you may cancel your insurance policy without
penalty or keep it to help protect your lifestyle if you become unable to work due
to accident, sickness or unemployment.
There are other providers of short-term income protection insurance and other products
designed to protect you against loss of income. For impartial information about
insurance, visit the website at www.moneyadviceservice.org.uk
Loan Protection Insurance
- Cover up to 65% of your gross monthly income to a maximum of
£1500 per month
- Back to Day 1 or mix and match excess periods
- Cover for Employees, Self employed, Contract workers, Sub-Contract workers and those
with more than one job
- Carer Cover for unemployment is included
- Back to work service is included