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• Level term assurance
• Decreasing term assurance
• Whole of life
• Income protection
• Payment protection
• Private medical insurance

Payment Protection plans are designed to offer a short term cover in the event of you being unable to work.

The main advantage is that they have a short ‘deferred period’, which means that payments normally start quite quickly in the event of a claim. Further advantages are that you can select unemployment cover.

The major disadvantage is that they will cease payments after a certain amount of time, normally 12 or 24 months, irrespective of whether you have returned to work.