Products - Payment Protection - Sterling Insurance Group

Innovation and forward thinking is vital to the future of Payment Protection Insurance.

Steve Williams
Director

Creditor insurance, commonly known as Payment Protection, is sold alongside or as an integral part of most personal and small business finance products. It is designed to protect the insured's monthly financial repayments linked to a specific debt during periods of sickness or suffering caused by an accident, involuntary unemployment or redundancy. It would typically provide life and/or critical illness cover.

Payment Protection is a generic insurance product offered to a wide customer base provided the individual meets the eligibility criteria i.e. typically aged between 18 to 65 years and in full time employment. Sterling Insurance Group Limited through their underwriting companies can provide a tailored payment protection product comprising any of the cover types below.

	Life Cover	Life cover pays off the settlement figure or outstanding balance at the date of the insured's death.
	Involuntary Unemployment or Redundancy	Involuntary Unemployment pays the monthly repayment during the period of involuntary unemployment or redundancy.
	Disability (Accident and Sickness)	Disability cover pays the monthly repayment during the period of accident or sickness.
	Critical Illness	Critical Illness pays off the settlement figure or outstanding balance at the date of the insured being diagnosed with a critical illness which prevents them from returning to work.

For further information on our full range of creditor products please contact Steve Williams on swilliams@sterlinginsurancegroup.com or 0870 224 2424.