Payment Protection
Taking out a loan naturally means you are making a commitment to repay a set amount each month. But just think what would happen if, through no fault of your own, your circumstances changed and at some time you weren't able to make your repayments. Taking out a payment protection plan can give peace of mind for you and your loved ones.
If you are under 60, the personal loan insurance payment protection plan covers your loan repayments if you are unable to work as a result of:

Employed

• Accident
• Sickness
• Redundancy

Self-employed

• Accident
• Sickness
• Hospitalisation

You can take out our payment protection for yourself or for both you and your partner. It's simplicity itself. There are no medical forms, no medical examinations and no hassle. In the event of a claim, the monthly payments are made directly to your lender, so we will not trouble you at what could be a difficult time.
Just consider the facts.
No one can afford to think things will never happen to them. Just look at some recent facts:
- In March 2003, 1.5 million people were unemployed in the UK (Source: National Statistics 2003)
- 11,970 properties were repossessed in 2002 and 18,280 in 2001 (Source: Council of Mortgage Lenders 2003)
- It was estimated that 3.6 million people would be classified as long term sick or disabled in Great Britain in 2002 (Source National Statistics web site May 2003 - Census 2001)

Life Insurance
As you will appreciate, taking out a loan is a major commitment, and while none of us like to think about death, there is always the possibility that you or your partner may die before all your repayments have been made. This could leave those left behind with extra pressure at what is sure to be a difficult time.
You can add life insurance to your loan, and the cost of this will be added to your monthly repayment figure. This will insure your loan repayment against the risk that you or your partner dies. We strongly recommend that you take out this life insurance - after all, we all take out life insurance on our mortgage loans, so why should any other loan be different?