Loan payment insurance can do what it's meant to do, and it can do it well, as long as you make sure that your situation is right for a policy before you buy one. You have to know what the product is and how it works before you buy it. You also...
The Loan insurance is taken out mostly to safeguard against the fact that if by chance you were to lose your income then your loan repayments would still be able to be paid each month without worrying about from where you would be able to find...
Loan insurance can be a lifesaver if the worst happens and you can't work because of an accident, being sick for a long time, or being laid off. A policy will cover you for a certain amount of money and a certain amount of time, usually around 12...
If you want to know that if you lose your job through no fault of your own, you will still be able to pay your bills, you can buy a policy that will give you a replacement income if you are laid off.
If you don't have a plan B and you lose...
Mortgage insurance is a good idea for both people who have owned a home before and people who want to buy their first home. This is because each policy covers different things. Mortgage insurance can cover your payments, usually for up to a year,...
Yes, the title is right. Even though the Financial Services Authority (FSA) has been looking into the sector since 2005 and has set up rules, payment protection insurance (PPI) is still being sold wrongly. In 2007, over 4,000 cases were looked...
Loan protection insurance came under fire in 2005, when the Financial Services Authority started looking into the industry after the Citizens Advice made a very strong complaint to the Office of Fair Trading. It was found that the way the product...
Even though loan protection insurance has gotten some bad press, you should still think about whether getting a policy would be in your best interests. People have said bad things about the cover, but the real problem should be with the people...
If you have monthly loan payments and are worried about how you would pay them if you suddenly lost your income because of an accident, illness, or losing your job, then loan protection insurance is the answer.
With the money from a loan...
If you've heard some of the news about the loan protection insurance industry recently, you might be wondering, "Do I need loan protection insurance, or is it just a big scam?"
There have been a lot of investigations into the payment...