Loan Protection Also Covers Credit Card Repayments

While loan protection of course protects your loan repayments each month, it would actually also cover any credit card repayments you had to make each month. A policy would protect up to a certain amount of your repayments and the premium would be based on this and also your age at the time of applying for the quote. A policy would provide for you in case you became unemployed through an event such as redundancy.