4 Good Reasons Why You Need Payment Protection Insurance

4 Good Reasons Why You Need Payment Protection Insurance

Being creditworthy is something everyone should strive for. This provides great help when you require a loan or need a mortgage to secure a home. However, you need to be able to pay your loans and pay the required amount in time.

Failure to observe the required agreement will warrant greater consequences for your actions. The payment protection insurance, on the other hand, provides a way out for you. Circumstances may occur that may render you unable to pay your loan at the required date, by which the insurance company give you the amount to pay, and you, therefore, remain safe.


What is covered?

Entering into every contract requires agreements between two persons. Based on your agreement, you will secure the policy that best suits your needs and that which will adequately cover your needs. Items covered include sicknesses or disabilities, unexpected redundancy, accidents or even death. All this depends on your policy. Most policies don’t cover existing conditions, the first three months and some illnesses are also not covered. Be careful to adequately read the policy document before entering into any agreement negligently.

So, why do you need payment protection insurance? I’ve come up with 4 good reasons:


1. To protect yourself against unforeseen contingencies

Accidents are impossible to predict. You could be well now yet you don’t know what will happen next. To protect yourself against unforeseen contingencies that may leave you and your family struggling, taking an insurance cover for your payments is somehow advisable. This reduces your worries and gives you peace of mind as you undertake your business.

2. Your loan is payable over long periods of time

Sometimes one may forget of their obligations, more so where they have been experiencing stress over some time, or have been so occupied, and one ends up forgetting the payment. Taking an insurance cover will always cover your loan expense upon claiming, the good thing being, on claiming, the money can only be used to repay the loan.


3. You need not worry about your items being confiscated

In case you have quite a large mortgage to repay, taking cover will be an appropriate decision. Instances may occur, such as unexpected redundancy that may make you unable to repay the mortgage for quite some time. But if you had the cover you need not worry about your items being confiscated to repay your loan as it’s well taken care of.

4. You are paying the loan alone

In some cases, spouses or partners may agree to jointly take a loan, and both contribute to its repayment. In case one lacks the money one time, the other can easily cover the expense. In instances where you alone are paying the loan, it’s advisable to take a cover for your loan payments.


Choosing a PPI policy

Before taking the mortgage, you must evaluate the means of income that can be used to repay the loan. This includes savings or other monthly incomes you receive. If it happens you are not able to adequately pay the loan amount, consider taking a loan protection insurance for future insurance.

When you make the decision to protect you and your family from any unexpected outcome of default payment by taking a cover, it is always advisable to consider a few thing such as:

  • The features of the PPI policy
  • The length of payout
  • The amount of payout

The time allowance a PPI claim can take to complete mostly depend on the complexity of the policies involved. Fill up the form and send it back to them as soon possible so that they’ll be able to process the claim immediately. This could take around 8 to 16 weeks.

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Junie Rutkevich

Game Developer of iXL Digital

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Last Updated on March 13, 2019

How to Get out of a Rut: 12 Useful Ways to Get Unstuck

How to Get out of a Rut: 12 Useful Ways to Get Unstuck

Have you gotten into a rut before? Or are you in a rut right now?

You know you’re in a rut when you run out of ideas and inspiration. I personally see a rut as a productivity vacuum. It might very well be a reason why you aren’t getting results. Even as you spend more time on your work, you can’t seem to get anything constructive done. While I’m normally productive, I get into occasional ruts (especially when I’ve been working back-to-back without rest). During those times, I can spend an entire day in front of the computer and get nothing done. It can be quite frustrating.

Over time, I have tried and found several methods that are helpful to pull me out of a rut. If you experience ruts too, whether as a working professional, a writer, a blogger, a student or other work, you will find these useful. Here are 12 of my personal tips to get out of ruts:

1. Work on the small tasks.

When you are in a rut, tackle it by starting small. Clear away your smaller tasks which have been piling up. Reply to your emails, organize your documents, declutter your work space, and reply to private messages.

Whenever I finish doing that, I generate a positive momentum which I bring forward to my work.

2. Take a break from your work desk.

Get yourself away from your desk and go take a walk. Go to the washroom, walk around the office, go out and get a snack.

Your mind is too bogged down and needs some airing. Sometimes I get new ideas right after I walk away from my computer.


3. Upgrade yourself

Take the down time to upgrade yourself. Go to a seminar. Read up on new materials (#7). Pick up a new language. Or any of the 42 ways here to improve yourself.

The modern computer uses different typefaces because Steve Jobs dropped in on a calligraphy class back in college. How’s that for inspiration?

4. Talk to a friend.

Talk to someone and get your mind off work for a while.

Talk about anything, from casual chatting to a deep conversation about something you really care about. You will be surprised at how the short encounter can be rejuvenating in its own way.

5. Forget about trying to be perfect.

If you are in a rut, the last thing you want to do is step on your own toes with perfectionist tendencies.

Just start small. Do what you can, at your own pace. Let yourself make mistakes.

Soon, a little trickle of inspiration will come. And then it’ll build up with more trickles. Before you know it, you have a whole stream of ideas.


6. Paint a vision to work towards.

If you are continuously getting in a rut with your work, maybe there’s no vision inspiring you to move forward.

Think about why you are doing this, and what you are doing it for. What is the end vision in mind?

Make it as vivid as possible. Make sure it’s a vision that inspires you and use that to trigger you to action.

7. Read a book (or blog).

The things we read are like food to our brain. If you are out of ideas, it’s time to feed your brain with great materials.

Here’s a list of 40 books you can start off with. Stock your browser with only the feeds of high quality blogs, such as, DumbLittleMan, Seth Godin’s Blog, Tim Ferris’ Blog, Zen Habits or The Personal Excellence Blog.

Check out the best selling books; those are generally packed with great wisdom.

8. Have a quick nap.

If you are at home, take a quick nap for about 20-30 minutes. This clears up your mind and gives you a quick boost. Nothing quite like starting off on a fresh start after catching up on sleep.


9. Remember why you are doing this.

Sometimes we lose sight of why we do what we do, and after a while we become jaded. A quick refresher on why you even started on this project will help.

What were you thinking when you thought of doing this? Retrace your thoughts back to that moment. Recall why you are doing this. Then reconnect with your muse.

10. Find some competition.

Nothing quite like healthy competition to spur us forward. If you are out of ideas, then check up on what people are doing in your space.

Colleagues at work, competitors in the industry, competitors’ products and websites, networking conventions.. you get the drill.

11. Go exercise.

Since you are not making headway at work, might as well spend the time shaping yourself up.

Sometimes we work so much that we neglect our health and fitness. Go jog, swim, cycle, whichever exercise you prefer.

As you improve your physical health, your mental health will improve, too. The different facets of ourselves are all interlinked.


Here’re 15 Tips to Restart the Exercise Habit (and How to Keep It).

12. Take a good break.

Ruts are usually signs that you have been working too long and too hard. It’s time to get a break.

Beyond the quick tips above, arrange for a 1-day or 2-days of break from your work. Don’t check your (work) emails or do anything work-related. Relax and do your favorite activities. You will return to your work recharged and ready to start.

Contrary to popular belief, the world will not end from taking a break from your work. In fact, you will be much more ready to make an impact after proper rest. My best ideas and inspiration always hit me whenever I’m away from my work.

Take a look at this to learn the importance of rest: The Importance of Scheduling Downtime

More Resources About Getting out of a Rut

Featured photo credit: Joshua Earle via

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