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Loan Protection Insurance
Co-branded as Income Protection or Lifestyle Protection
For Loan Protection insurance simply protect the amount of your monthly loan. This will protect your monthly personal loan in the event of loss of income due to accident, sickness or unemployment. If you are seeking protection for more than just your loan payment, you can also use this cover to protect your other regular commitments such as mortgage, council tax, motor or retail finance and utility bills within the same lifestyle protection policy.
- Cover up to 65% of your gross monthly income to a maximum of £1500 per month
- Accident, Sickness and Unemployment or Accident and Sickness only
- Cover for Employees, Self-employed, Contract workers, Sub-Contract workers and those with more than one job
- Back to Day 1 or variable excess periods of 30, 60, 90 or 180 days to reduce your premium
- Benefit period of 12 months
- Carer cover included unless you have selected Accident and Sickness cover only
- Legal Helpline to help with unemployment as well as tax issues
- Back to work service is included with your cover
TYPICAL PREMIUM
Person: Aged 30
Amount: £1000 per month cover
Benefit period: 12 months
Cover: Accident, Sickness & Unemployment
Excess period: 30 days for Unemployment and 90 days for Accident & Sickness
Premium: £31.23 per month
See how to reduce your premium and beat Comparison site quotes click here.
For a Loan Protection Quick Quote click here.
Links:
LIFESTYLE PROTECTION | INCOME PROTECTION | LOAN PROTECTION | MORTGAGE PROTECTION
