Whats PPI?
You may also decide to pay extra for Payment Protection Insurance (PPI). This insurance pays your monthly payments for you if you are unable to work because of illness or unemployment. Loan protection insurances can also cover things like accidents and hospitalisation. Think carefully about taking out PPI. Work out how much you will pay overall for this service and consider your wider finances and decide whether you really need it. If you do decide on PPI check the small print and see if the insurance covers your specific needs. Does it cover you for the exact type of work you do? PPI is not compulsory so don’t be pressured into taking it out if you find it too expensive or you are confident you will not need it.
