Personal Loan Payment Insurance

Q: Personal Loan Payment Insurance – Alliance and Leicester loan of £6000 over 48 months with accident, sickness and unemployment insurance cover is £176.82 per month. The same loan without accident, sickness and unemployment insurance cover is £148.05 – difference of £28 per month. How much would you charge for accident, sickness and unemployment insurance cover? I am in full employment (11 yrs+) and am 46 years old.

A: For a 46 year old to cover £148.05 per month for Accident, Sickness and Unemployment the monthly benefit would be £8.88.

The accident, sickness and unemployment insurance policy that we provide is a monthly rolling policy and keeps going for as long as you wish to have it, if you were to make a claim the maximum claim period is 12 months.

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