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Features
Rates
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Simply consider the following
facts about unemployment:
- Currently 90 families a day are
having their homes repossessed. The majority due to the financial
problems associated with unemployment.
- One in three people aged
between 25-34 have experienced unemployment for a period in excess
of one month.
- Almost one in five working age
households (3.4 million) have someone who is currently unemployed.
- Today in Britain there are
nearly 1,000,000 persons who are registered as unemployed.
- Every day 500 people in the UK
become unemployed. 60% of unemployed men and 45% of unemployed women
will be out of work for six months or more.
Simply consider the following
information about disability:
- Every adult in Britain is five
times more likely to suffer a serious disability than die before the
age of 60
- Today in Britain, 2,900 people
will start claiming state disability benefits
- 1,800,000 people in Britain are
already disabled and have been unable to work for 12 months or more.
This insurance is designed to
protect the loan repayments you make to your finance company if you lose
your job due to involuntary unemployment, are unable to work due to a
disability (accident or sickness), you suffer a specified critical
illness or you die.
This insurance will:
- repay your monthly loan amount
in the event of your involuntary unemployment or disability for up
to 12 months or to the end of your loan agreement, whichever is
earlier;
- repay your outstanding loan
balance in the event of your death or you being diagnosed with a
specified critical illness.
The plan ends if we pay out the
balance of your loan in the event of your death or critical illness
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