Why you should reconsider obtaining PPI?

Be prepared for whatever the future might hold, and protect your investments.

10:15 06 May 2013

There has been a lot of attention in the media recently to the exorbitant wait times for urgent and emergency care. While investigations are being planned to get to the source of the issue, there have been reported significant increases in the number of patients who need medical treatment. The reality is that at any time, this could be any one of us. If ever there has been a time to seriously consider Payment Protection Insurance it is now.

 

Why consider Payment Protection Insurance (PPI)?

 

• Increased number of illnesses means increased susceptibility to sickness.

 

• Increased visits to emergency could also indicate more hospitalizations and serious medical issues.

 

• Injuries and illnesses can mean lack of income for a certain length of time.

 

• Number of people visiting emergency care also means more people will be receiving larger medical bills, which may put property such as houses, at risk of being repossessed.

 

What does Payment Protection Insurance (PPI) do?

 

• Depending on the type of PPI you select, it can make payments on certain types of loans.

 

• Ensure security of your mortgage.

 

• Maintain payments on your vehicle loan.

 

• Continue payments on credit card loans.

 

• Give you financial relief so you can pay medical bills or take care of other situations.

 

• Lower stress about the security of your major purchases.

 

• Help you maintain a good credit rating.

 

• Payments may be only partial payments, or may cover the entire loan payment.

 

What to know about Payment Protection Insurance (PPI):

 

• Does not replace your income, it only insures specific payments on loans.

 

• May be through a single entity, or may be offered through various businesses such as your individual credit card companies or your mortgage loan company.

 

• Is only for a limited time, between 12 and 24 months, depending on the insurance company.

 

• May assist if you become unemployed, sick, or have other extenuating circumstances.

 

If the increased numbers of emergency hospital visits are any indication, it seems Payment Protection Insurance is something that should be seriously considered, and like any insurance compare to get the best deals.