Payment Protection
Payment protection is insurance which pays a monthly benefit if you are unable to work due to accident or sickness, or if you lose your job. There are payment
protection policies for self employed people too. These can be a valuable form of insurance, as your loan continues to be paid, protecting your credit record and your home.
It’s very important to read the policy documents carefully to make sure it’s suitable and will pay out if you have to claim. Ask your adviser if you’re not sure about any aspect
of the payment protectionpolicy
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