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payment insurance helps if it's right

Published: 20/12/2008

The Scotsman (Main) – 20th December 2008

With large scale redundancies on the horizon, thousands of families face problems repaying loans and mortgages without a regular income.

Rainy day savings are the ideal fall-back, but where that isn’t feasible there are several alternatives. Insurance that provides an income to help you maintain your mortgage and other loans while you’re out of work is one option.

“By purchasing your cover from a standalone provider, you can read details of cover and exclusions at your leisure and without any pressure from a bank sales advisor with one eye on their commission target,” said Andrew Hagger, head of communications at Moneynet.co.uk.

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