loan payment protection insurance

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Loan Payment Protection Insurance

This stand alone loan payment protection insurance policy offers reasonable cover at a very competitive premium. It provides cover if you are unable to meet your loan repayments against, accident, sickness, unemployment and redundancy (including life and terminal illness insurance).

For a free loan protection insurance quote and immediate cover you must use this link

Or you may wish to contact us on  0844 8262616.

(You must take out this insurance on-line.)

Links to other pages

Home Page

Health related products

Income protection insurance

Mortgage protection insurance

Accident sickness unemployment insurance

Key Features

Cheap Premiums - the premium is based on your monthly repayments (not the value of the loan)
Excess Unemployment OR Disability

Unemployment AND disability

NIL Refer to quote engine Refer to quote engine
30 N/A N/A
60 N/A N/A

e.g. If your loan repayments were £1000 then the loan payment protection insurance would cost either £25.00 and £40.00 a month depending on whether you want cover just for unemployment/ redundancy or accident and sickness as well.

A Note about the excesses
  • NIL - First payment is made on day 31 to cover days 1 - 30
  • 30  - First payment is made on day 61 to cover days 31 - 60
  • 60  - First payment is made on day 91 to cover days 61 - 90
Initial exclusion period
  • 60 days
  • Exclusion transfer is available if you change to this policy
No free cover
  • No free cover is provided under this policy
Maximum sums Insured
  • Your loan repayments or £1,000
Qualifications
  • To qualify for our policy, you must be between the ages of 18 and 60, live in the UK, have been in full time work for at least 6 months and be unaware on any impending redundancy or unemployment.
Benefit Period
  • 12 months 
Combined Cover
  • Optional
Occupations
  • Not suitable for IT/ telecoms/ finance/ insurance

protect your loan repayments

About us

B. Portwood & Co Ltd are based in  North-east England (UK) and have three offices in Gateshead, Consett and Bishop Auckland. We have been in business for 40 years, been regulated by the IBRC (and could call ourselves brokers), are regulated by  the Financial Services Authority for the arrangement and administration of non-investment insurence contracts.

We have always acted in our client's best interests and fully intend to keep on doing so. Our aim is to provide the cover UK residents deserve

As you can see, we offer a range of income and mortgage protection insurance policies. (A list is found here) as well as loan protection insurance. If you would like help please call us (0844 8262616.) and we can discuss your additional requirements other than just loan payment protection insurance.

landlords insurance

Buy to let insurance and cheap single trip/ annual travel insurance is available from our home page.