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Payment Protection Insurance
Payment Protection is an insurance product designed to protect your monthly payments under any finance agreement, mortgage or loan if you become unemployed or cannot work due to an accident or illness.
Example:
| Original Cost of your car: | £20,000 |
|---|---|
| Deposit: | £2,000 |
| Period of loan: | 36 months |
| Your monthly repayment: | £500.00 |
12 months later you are made unemployed, have an accident or become ill.
If you have Payment Protection Insurance it will remove the worry of maintaining your monthly payments by
paying you £500 per month.
The example shown is for illustration only.
PAYMENT PROTECTION INSURANCE
Cover Provided: Accident, Sickness or Unemployment (*Life cover available)
| Max. monthly repayment you can protect: | £1,500 |
|---|---|
| For unemployment you can claim for a max period of: | 12 months |
| For an accident or sickness you can claim for a max. period of: | 24 months |
| Monthly Price via Direct Debit: | 9.00% of your monthly loan repayment i.e £250 x 9.00% = £22.50 per month |
The example shown is for illustration only.
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Alexander Lauren Associates Ltd is
authorised and regulated by the Financial Services Authority. FSA Firm Reference No 310043
We are proud to be
Investors in People since 1999
If we are unable to settle your complaint with us, you may be able to refer your complaint to the Financial Ombudsman Service.
Further information is available at www.financial-ombudsman.org.uk