Paymentcare : Loan Payment Protector

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