Try our Income Protection Insurance (ASU) to cover your monthly loan repayments

 

 

If you wish to cover just your loan then please use the flexibility of our Income Protection Insurance (ASU) to cover your monthly loan repayments. This policy allows you to protect a single loan or ANY or ALL of your other monthly outgoings.

 

June 2008 recommended by Martin Lewis, MoneySavingExpert

"Ant Insurance (technically income protection but simply apply for the amount of cover which matches your monthly repayment) is cheapest for anyone under 50"

 

 

Click here to be taken to our Income Protection site>>>

 

Is Income Protection Insurance (ASU) better than a Loan Payment Protection?

Loan Payment Protection protects only one specific loan, which reduces the flexibility you may need to change loan providers or take out new loans. Doing either would necessitate a new policy who's price could be affected by health and age over time.

With an Income Protection Insurance you may protect up to 50% of your gross monthly income to a maximum of £1000. It is not tied to any particular loan so you may use the tax free monthly benefit in anyway you wish. This will allow you the option to change loan providers, take out further loans or use the money in any other way if required.

In addition, it is worth remembering that if you lose your income, a standard loan payment protection insurance policy will only pay your monthly loan-related costs, leaving you to personally fund your other monthly expenses such as food, credit cards, utility bills or council tax, either from savings or debt - a fact that many people forget. If you therefore wish to have benefit in excess of your loan payment this cover will give you that option.