Payment Protection

Payment protection is designed to help you pay your mortgage, loans and credit card bills in the event of accident, sickness and unemployment. Cover is very easy to purchase and is normally arranged when the loan etc is taken out although cover can be purchased as a stand-alone policy.

Typical requirements are that you are aged between 18 and 65, that you are employed for at least 16 hours per week or have been self-employed for a certain period of time. Payment periods vary but typically, claims are paid for upto 12 months and sometimes as long as 24 months.