Friday, April 11, 2008

Payment Protection Covers Illness, Accidents And More

For many Brits, payment protection insurance (PPI) can make the difference between being able to put food on the table, meet bills, and pay monthly mortgages, in the midst of a significant illness, accident, involuntary redundancy, or other forced unemployment. This short-term insurance protection typically provides monthly income payments, which vary based on plans and premiums, over the course of 12 to 24 months. Payment amounts range from several hundred pounds to a few thousand pounds per month.

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