Are you considering purchasing a house this year? Many people set financial goals at the beginning of the year and making the move into the property market is one of the biggest financial commitments you can make. The current financial climate is one of uncertainty so it is a good idea to protect your investment with loan protection insurance.

In the event that you lose your job or are unable to work for medical reasons, having insurance in place to help you meet your financial commitments could make the difference between keeping your home and losing it. Loan protection insurance (also known as payment protection insurance) is usually available at the time you take out your mortgage. It is important to get independent advice before committing to a loan protection product as this type of insurance can be complicated and misleading to the inexperienced.

Those who are in the process of purchasing a property should definitely consider loan protection insurance to safeguard them against future unemployment or a disability which would prevent them from working. Contact one of our agents for advice on the different types of loan protection insurance and to discuss which product might be most suitable for your needs.