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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.

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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:

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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.

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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.

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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 May 22, 2019

10 Simple Morning Exercises That Will Make You Feel Great All Day

10 Simple Morning Exercises That Will Make You Feel Great All Day

There are lots of studies that show if you do some exercise in the morning, you will be in a better mood all day long. You will have more energy and you will certainly be a better colleague, friend or partner.

One psychologist at Duke University has researched the effects of exercise on depressed patients and he has come to the conclusion that exercise has a definite role in treating this condition and has an important role in preventing people from relapsing.[1] According to the New York Times, scientists have now established that exercise also boosts your brain power.[2]

In addition, there are studies from the Appalachian State University which show that blood pressure can be reduced by doing regular morning exercise.[3]

Here are 10 simple morning exercises that will help you feel great the whole day long. You can include some of them in your morning exercise routine or do them all at home without having to enrol in a gym. Consult your doctor before starting any form of exercise routine if you are new to this.

1. Cat Camel Stretch

Stretching exercises are useful for muscle toning and also preventing arthritis. They can either be dynamic or static.

Dynamic ones such as the cat camel stretch, are particularly useful for doing other exercises in the morning. They are also beneficial at other times of the day, especially after long periods of sedentary work. This one is great for spinal flexibility and is a good warm up exercise.

Kneel down on all fours. Start by rounding your back just like a camel so that your head will try to meet your pelvis. This is the camel position. Then lower and lift your head so that your lower back is arched. This is the cat position. Do these movements slowly and smoothly. About 4 or 5 times.

Here’s a video to guide you through:

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2. Go for a Walk or a Run

This is better done outside so that you can connect with nature but running inside on a treadmill is almost as good. You can time yourself and increase length and time according to your fitness program.

Always have new goals to reach. Start with brisk walking and work up to running. At my age, I am still walking!

The health benefits are considerable. You can build stronger bones and you can help to maintain your weight.

Also, you are helping your heart to stay healthy and keeping your blood pressure low.

Learn more about the benefits of running here: 8 Benefits of Running 5 Minutes Every Day You Didn’t Know

3. Jumping Jacks

Michelle Obama is a great fan of this exercise and has become “Jumper in Chief.”[4] They are great for cardiovascular health and also for toning muscles especially the calves and the deltoids.

Stand with feet together. Jump while spreading your arms and legs. Return to first position and keep going! You can start with doing these for 1 minute and then gradually build up to the number you are comfortable with. Here’s how:

4. Abductor Side Lifts

Watch the video below to see how to do this exercise. These muscles are important because you use them everyday to run, get into the car or onto and off a bicycle. They are very important also for your core stability and prevent the pelvis from tilting.[5]

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Do about 10 to 15 raises for each side like this:

5. Balancing Table Pose

This is a classic yoga pose. It benefits the spine, balance, memory and concentration.

Start with the table pose (hands and knees). Breathe in before starting each movement. As you exhale, raise your left leg parallel to the floor as you raise the right arm, also parallel to the floor. Breathe in as you lower arm and leg. Repeat for the other side. 10 repetitions on each side is a good starting point.

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    6. Leg Squats

    Not just legs are involved but also hips and knees.

    Stand with your feet a bit further out from your hips. Arms are out in front of you. Then lower yourself as if you wanted to sit down until you reach a 90 degree angle. You can go down further if you want to. Then return to the starting position. Repeat 15 times for 2 sets for beginners.

    The benefits are that these exercises help with knee stability and can benefit the leg muscles such as quadriceps, hamstrings and calves.[6]

    7. Push Ups

    You start lying down (face down) but with your body held up at arm’s length. Your hands should be in line with your shoulders. Breathe in as you lower your body. That is fairly easy. Now, as you exhale, you have to get back up to the starting position.

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    An easier version to start with is to bend your legs at the knees so you do not have to lift your whole body.

    Beginners may take up to a month to be able to do 100 push ups so you will have to start with a very small number and gradually increase it.

    This exercise is great for strengthening the chest, shoulders and the triceps. It is a great strengthening exercise for many muscle groups. In fact, most muscles from the toes to the shoulders are being used.

    8. Bicycle Crunches

    There are numerous crunch exercises targeting the abs. The bicycle crunch is a variation where you work more muscle groups. Aim for 15 to 20 reps to start off with.

    Watch the video to see how this is done correctly:

    9. Lunges

    Stand with feet shoulder width apart. Place your hand on your hips. Take one giant step forward with the right leg. Make sure the knee does not go too far forward, that is, past your toes. The left knee will go down to almost floor level. Alternate the legs as you go on.

    Try to do a set of between 8 and 12 reps for each leg. It is important to allow for a day of rest, so this exercise should be done on alternate days, especially if you are using weights.

    This exercise is great for strengthening and toning the quadriceps, glutes and hamstrings.

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    10. Bicep Curls

    You can do this sitting down so if you spend a lot of time on the phone, this is a great exercise to do.

    Choose suitable dumbbells or another household object that you can easily hold. Sit down with the dumbbell in your hand. You need to sit forward a bit so that your triceps can lean on your thigh to give you support.

    Then bring the weighted arm up to shoulder length and then down again. Exhale as you lift the weight and inhale as you lower it.

    Here’re some important notes before you start doing this exercise:

    Try to do one or two sets of about ten repetitions for each arm and then switch arms.

    These exercises are really useful for toning the arm muscles.[7] In addition, they can strengthen and tone the brachioradialis muscle located in the forearm. These are the muscles we use to pick up things when we flex the arm at the elbow so we use these muscles countless times a day.

    You may have to build in a rest day for the heavier exercises, numbers 6–10. On the rest days, you can do gentler stretching exercises and also some walking or running.

    Morning exercise is not only a great mood booster, but will help you keep your weight down and also sleep better![8] Start including one or some of these exercises in your morning routine!

    More Articles About Exercises for Beginners

    Featured photo credit: Unsplash via unsplash.com

    Reference

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