In the United Kingdom, PPIs are insurance policies that are attached to credit cards, loans and mortgages. If the consumer becomes unable to work, the PPI will make the payments. However, there are many criteria a consumer must fit into to claim a PPI.
If you become unemployed, a PPI will only make payments after you have been unemployed for at leas 12 months. You must be employed for at least 16 hours a week. If you lose employment due to a stress illness or back injury, a PPI may not cover payments. A PPI will cover payments for a maximum of 24 months. Most PPIs only make payments for 12 months. Before purchasing a PPI, make sure to disclose medical conditions. A person must be between the ages of 16 and 65 to get PPI coverage. When shoPPIng for a PPI, look at a number of lenders for the best rates.
For More Information On PPI Go to PPI Freedom