No one knows what the future holds, if affected by accident, sickness or unemployment (ASU) and unable to work, many of us would be unable to avoid a financial crisis if we lost our income, especially in today's turbulent economic times. The uncertainty of being unable to work and meet financial obligations can be extremely worrying, especially considering some of these striking numbers:
- 1,688 people are made redundant daily
- A property is repossessed every 14 minutes
- Someone is declared insolvent or bankrupt every 4.31 minutes
(Source: www.creditaction.org.uk/helpful-resources/debt-statistics/2011/september.html)
It's easy to think that the unexpected always happens to someone else, or that employment is totally secure, but the reality is that 32% of people who are made redundant would fail to meet their current living expenses in the first month, with 1 in 6 defaulting immediately (source: TNS Omnibus). How would you cope financially if you lost your job, fell seriously ill, or had an accident?
Payment Protection Cover
firstcallpaymentprotection.co.uk is here to help, with a range of payment protection cover that provides financial piece of mind for those of us who encounter unexpected loss of income, including: mortgage protection, income, bill protection, car protection, loan protection and rent protection. Our payment protection cover comes with these features:
- Monthly premiums start from just 85p (per £100 of benefit per month)
- Monthly benefits of up to £2,000 available
- Benefits paid for up to 12 months
- Free back to work service
- UK based claims service
All of the products we offer come with the option to cover either accident and sickness (AS) or accident, sickness and unemployment (ASU) with a range of waiting periods available: Back To Day One, 30 Day Waiting, 60 Day Waiting and 90 Day Waiting.
Please note: the payment protection insurance (PPI) waiting period is the length and time you have to wait before you can make a payment protection claim and determines when the monthly benefit can be paid/received under the terms of the policy.
To find out more about the PPI insurance we offer, please take a look at the Key Facts policy summary, available from our Important Documents page. Or, to find out more about each product we offer and to obtain a completely free quote, please click the icons above.
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