Payment protection is designed to help pay your financial commitments in the case of sickness, accident and unemployment

few reasons why payment protection is important

The level of State benefit has reduced for mortgagesThe prospect of redundancy during uncertain times.  According to Government statistics, 755,000 people were made redundant in the UK between June 2002 and May 2003 - the equivalent of over 3,000 every working day. There were also, on average 1.5 million people claiming unemployment benefit during that time. People are borrowing more - people are relying on credit more than ever before. At the end of July 2004, almost £1,000 billion was outstanding on mortgages, loans and credit cards.Insufficient savings - nearly half of us do not ...