Payment Protection Insurance (PPI)
PPI offers you peace of mind against being unable to meet your monthly loan repayment should the unforeseen occur. The cover protects you should you be unable to meet your monthly repayments due to an accident, illness or unemployment.
What is the optional life cover?
The cover protects you if you were to die during the term of the finance as outlined in the terms and conditions. The policy would pay off any outstanding finance balance rather than burden your family or beneficiaries with the debt (subject to a maximum specified claim limit).
Did you know?*
The amount of unemployed people has increased by 243,000 from December 2005 to June 2006.
The number of people claiming jobseekers allowance has increased by nearly 100,000 on the year from July 2005 to July 2006.
Over 14,000 people die each year in the UK
Further details on payment protection insurance can be found here:
Key Facts - Fixed Term Policy (60kb)
Key Facts - Monthly (42kb)
