Q: I took a personal loan and is it possible to apply for a policy that covers the duration of my loan?
A: Our policy is an income protection insurance policy that offers accident, sickness and/or unemployment cover.
It is a monthly renewable policy; so long as you are paying the monthly direct debit the policy is live. This means that you are not tied into it for any length of time and you can cancel it at any time by giving 30 days written notice.
Your can cover up to £1,500 or 50% of your gross monthly income, whichever is the lesser.