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Loan insurance
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smokey77
Posts: 34 Forumite
Hi
I have a loan with Egg with ppi. The ppi will only pay out after 6 months should I become ill or unemployed and with my work I get 6 months full pay and then after that half pay and should I be made redundant I will be redeployed to another job by my employer. The monthly payment with ppi is £450 and without it it will be £405. Is it worth me cancelling the ppi with Egg (I am able to cancel, I have rung them) and should I take out some sort of insurance elsewhere? If I was to take insurance out elsewhere what kind of insurance should I get and where’s the best place to look? Bit clueless about things like this!
Thanks in advance
I have a loan with Egg with ppi. The ppi will only pay out after 6 months should I become ill or unemployed and with my work I get 6 months full pay and then after that half pay and should I be made redundant I will be redeployed to another job by my employer. The monthly payment with ppi is £450 and without it it will be £405. Is it worth me cancelling the ppi with Egg (I am able to cancel, I have rung them) and should I take out some sort of insurance elsewhere? If I was to take insurance out elsewhere what kind of insurance should I get and where’s the best place to look? Bit clueless about things like this!
Thanks in advance
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