Payment Protection Insurance comprises either accident and sickness insurance (AS) or accident, sickness & unemployment (ASU) insurance. If you are affected by an unexpected accident, or suffer sickness or involuntary unemployment (ASU) and as a result are unable to work, you may struggle to meet your financial obligations such as your mortgage or rent.

In today's turbulent economic times the uncertainty of being unable to work and make your monthly payments can be extremely worrying, especially considering some of these striking numbers:

• Citizens Advice Bureaux in England and Wales dealt with 7824 new debt problems every working day during the year ending March 2013.**
• 1,545 people a day reported they had become redundant between February and April 2013.**
• Average household debt in the UK (excluding mortgages) was £5,978 in May 2013. **
• Outstanding secured (mortgage) lending stood at £1.265 trillion at the end of March 2013**
• The estimated average outstanding mortgage for the 11.3m households that carry mortgage debt stood at £112,464 in May 2013.**
• 274 people a day are declared insolvent or bankrupt.**
• Every 16 minutes 26 seconds a property is repossessed**
• 312 landlord possession orders are made every day**

**(Source: Creditaction July 2013 - www.creditaction.org.uk/helpful-resources/debt-statistics/2013/july.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 via Creditaction June 2012 - www.creditaction.org.uk/helping-yourself/saving.html). How would you cope financially if you lost your job, fell seriously ill, or had an accident?

•    Monthly premiums start from just 53p (per £100 of benefit per month)
•    Monthly benefits of up to £2,000 available*
•    Benefits paid for up to 12 months
•    UK based claims service
•    No pushy sales people
•    Here to assist with any questions

All of the products we offer come with the option to protect against 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 Period
•    60 Day Waiting Period
•    90 Day Waiting Period

Please note: the payment protection insurance 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 Payment Protection Insurance insurance cover we offer, please take a look at the Key Facts policy summary, available from our Important Documents page.

Many people purchase various types of insurance cover without giving it a second thought - from household and motor insurance to travel and health cover. However, many do not insure the thing that sustains their ability to live - their income. At a time of record high unemployment and limited government support for the unemployed and sick, PPI is not compulsory but is something almost all working individuals should at least consider.

All of the products we offer come with the option to protect against either accident and sickness (AS) or accident, sickness and unemployment (ASU) with a range of waiting periods available:

It is important to still consider this type of cover despite the recent "bad news" about mis selling of PPI by bank and other institutions.

PPI is designed to protect and fulfil a person's ability to maintain their everyday financial obligations in the event they are unable to due to accident and sickness (AS) or accident, sickness and unemployment (ASU). All products have a benefit duration of 12 months with optional waiting periods (the length and time you have to wait before you can make a payment protection claim) of: back to day one; 30 day waiting; 60 day waiting or 90 day waiting.

We offer these products because you never know when you are going to need them, life is like that! Hopefully you never need the protection we offer, but like all protection products you have to consider how you would cope if you didn't have any protection at all?

•    How are we going to pay the mortgage?
•    How long before the house is repossessed?
•    What happens if we stop repaying the loan?
•    How long before the power goes off if we don't pay the bill?
•    When will we be evicted if we can't pay the rent?
•    How would we manage without the credit cards?
•    We have not made the repayments, how long will it be before the car is taken back?