Payment Protection Insurance
Payment protection insurance is taken out against the payment of a debt i.e. it covers your repayments (whether it is a loan or a credit card debt) in the event that you lose your income due to unemployment, illness or accident. In the UK more than two million people aged between 20 and 64 years of age have been off work for a period of more than six months. If you lose your income under such circumstances, payment protection insurance can provide valuable peace of mind and offer security at times when money may otherwise be tight.
If you suffer a loss of income due to illness, accident or are made unemployed, payment protection insurance can provide vital cover. Use our finder to compare payment protection plans then buy the policy that best meets your needs.
The main benefit of payment protection insurance is that you have peace of mind should you fall ill, suffer an accident or be made unemployed. Read our guide to payment protection insurance to find out how to choose the payment protection plan that best suits your personal circumstances.
Register now for up to date news on the cheapest financial deals.
Overhauling your finances is thirsty work, so moneysupermarket.com has teamed up with Virgin Wines to offer all users registering for RATE Alert the opportunity to get £20 off a case of wine.
Moneysupermarket.com Limited is an appointed representative of Moneysupermarket.com Financial Group Limited, which is authorised and regulated by the Financial Services Authority (FSA FRN 303190). Moneysupermarket.com Financial Group Limited, registered in England No. 3157344. Registered Office: Moneysupermarket House, St. David's Park, Ewloe, CH5 3UZ. Telephone 01244 665700.
