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What happens if Im ill and cant work or if Im made redundant?

April 26, 2017happens ill redundant

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What happens if Im ill and cant work or if Im made redundant?

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Payment Protection Insurance is a form of insurance which protects your commitments to debts should you have a sudden loss of income due to illness or disability. If you find yourself unable to work then the insurer will commit to pay your debts. Most policies differ so it is important to read the terms and conditions carefully. The terms of the insurance will usually specify how long they are willing to pay the debts for and also and if they will not commit to paying 100 per cent of the debt then what percentage they will commit to paying.