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Paymentcare : Loan Payment Protector
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Product profile
Description
Short term loan repayment protection ,should illness or injury prevent you working, or you become unemployed
For
- Aged 18 to 64 males
- Aged 18 to 59 females
- Employees and the self employed
Maximum amount payable
- The monthly loan repayment plus an extra 100 % for other monthly commitments
- £2500 a month
- 75% of normal monthly income
Basis of cover
- Normal occupation
- Benefit paid monthly for up to 12 months
- Back to Day One cover after 30 days
- Reviewable annually
Benefits
- You choose the amount.
- No age, gender,smoking or occupation loadings
- Carer benefit
- Hospitalisation benefit
- Jobcare back to work advice service
Options
- LASU for loans up to £60000-life , terminal illness, accident and sickness , involuntary redundancy
- LASU for loans up to £30000-life , terminal illness, accident and sickness , involuntary redundancy
- LAS for loans up to £60000-life , terminal illness, accident and sickness
- LAS for loans up to £30000-life , terminal illness, accident and sickness
- ASU for loans up to £60000-accident and sickness , involuntary redundancy
- ASU for loans up to £30000-accident and sickness , involuntary redundancy
Last updated: 10 October 2006
