Summary

It is important to protect your income if you can and PPI is better than nothing but there are other possibilities too which could offer better protection. We explain how you need to know what you are already covered for through your employment if employed and how you may be able to get other support.

Possible Substitutes For Payment Protection Insurance

Especially in the present climate job loss is a worry and accident or illness can happen at any time. It is wise to have income protection. This needs to stretch to all your outgoings, not just one direct debit of the many. Payment Protection Insurance needs to be looked at carefully as it is not always the best cover.

On the internet there are some very competitive protection schemes and it really is worth exploring further. We offer some other options to consider too, as follows:

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