| Home | Free Articles for Your Site | Submit an Article | Advertise | Link to Us | Search | Contact Us |
This site is an archive of old articles

    SEARCH ARTICLES
    Custom Search


vertical line

Article Surfing Archive



A Quick Introduction To UK Loan Protection Insurance - Articles Surfing

UK loan protection insurance has been in existence for many years but has never been as popular as it is today. This could be for many reasons, but only one of them actually matters. A higher percentage of individuals are in debt today than the figure associated with times gone by. The consumer culture that we all live in encourages individuals to spend, and the availability of credit has simply contributed to that. These two features of society combined have led to a massive rise in demand for UK loan protection insurance.

Whilst the existence of UK loan protection insurance is great for consumers in many ways, the desperate need for it is not. People should be choosing to have UK loan protection insurance because they want peace of mind, and not because they are so scared that they will find themselves in severe financial difficulties should their source of income be cut off.

UK loan protection insurance protects an individual's loan repayments should he or she fall ill or have an accident and be unable to work, or in the event that he or she lost the job that would have enabled them to pay the debt off in the first place. It is also designed to pay out for up to twelve to twenty-four months, after an initial qualifying period has lapsed. This is absolutely necessary for individuals in debt, especially those already struggling to pay off debts whilst in full time employment!

The premiums associated with UK loan protection insurance vary, depending on the level of the loan, the interest rate of the product that you took out and personal circumstances. Some financial institutions ask for monthly premiums, others annual ones, and then there are those that add the total cots of the UK loan protection insurance to the loan itself. These are all factors and elements that you have to weigh up before taking out the insurance. If that sounds a little confusing then wait until you read the terms and conditions ' make sure that you fully understand them before signing on the dotted line.

Submitted by:

Simon Burgess

Simon Burgess is Managing Director of the award-winning British Insurance, a specialist provider of uk loan protection insurance, mortgage protection insurance and income protection insurance.



        RELATED SITES






https://articlesurfing.org/finances/a_quick_introduction_to_uk_loan_protection_insurance.html

Copyright © 1995 - Photius Coutsoukis (All Rights Reserved).










ARTICLE CATEGORIES

Aging
Arts and Crafts
Auto and Trucks
Automotive
Business
Business and Finance
Cancer Survival
Career
Classifieds
Computers and Internet
Computers and Technology
Cooking
Culture
Education
Education #2
Entertainment
Etiquette
Family
Finances
Food and Drink
Food and Drink B
Gadgets and Gizmos
Gardening
Health
Hobbies
Home Improvement
Home Management
Humor
Internet
Jobs
Kids and Teens
Learning Languages
Leadership
Legal
Legal B
Marketing
Marketing B
Medical Business
Medicines and Remedies
Music and Movies
Online Business
Opinions
Parenting
Parenting B
Pets
Pets and Animals
Poetry
Politics
Politics and Government
Real Estate
Recreation
Recreation and Sports
Science
Self Help
Self Improvement
Short Stories
Site Promotion
Society
Sports
Travel and Leisure
Travel Part B
Web Development
Wellness, Fitness and Diet
World Affairs
Writing
Writing B