Why you need loan protection insurance

Secure you and your family’s future

So, you’ve secured your loan and you happily go ahead with your purchase. You’re pretty sure that you’ve covered all angles, but have you considered loan protection? Have you thought about what would happen if you were suddenly unable to pay back your loan, whether it’s through illness, injury or involuntary unemployment? This could leave you without an income or full income for an undetermined period and result in you defaulting on your loan.

In addition, in the untimely event of your death, your loved ones who you leave behind would be saddled with your debts. To avoid this unpleasantness, you should seriously consider taking out loan protection.

What is loan protection?

Loan protection is a simple yet effective solution to making sure your loans can be repaid in the event that you can’t. This will allow your family to carry on living without having to worry about an extra expense.

Loan protection means you simply pay a small monthly premium that can be included in your loan repayment in order to protect you and/or your loved ones against unpredictable occurrences.

What kind of loans can you protect?

For any loan, there will be an option to take out protection. For your smaller loans, this might not be necessary, but for big ticket items, whether for your business or home, it’s critical to take out loan insurance.

Types of loans that typically require protection

· Equipment
· Boat
· Truck or car loans
· Property finance

Loan protection insurance quote

We recommend speaking to your broker today and getting a quote from them before deciding.

Benefits and features of consider consumer credit

· You can cover your loan balance in the event of your untimely death.
· If you are injured or ill and unable to work, you can still earn an income
· Easy to apply – apply online – it can take less than five minutes to fill in the initial form

Loan protection insurance quotes

Contact an established company like Yes Loans and ask for a quote on your loan protection. With their many years’ experience and knowledgeable personnel, they’ll come back with an answer quickly.

Don’t take any chances with you and your family’s future. Talk to established and experienced brokers and make sure you are protected.

Take care of your future and that of your family, contact our loan protection specialists today.