Payment Protection Insurances, sold at the same time and integrated into the monthly payment for a loan, have had bad press in the past. However it is still wise to have insurance just in case something happens. Nowadays it is strongly recommended you source a seperate insurance product with advice from a specialist like Crystal Clear, that can cover not just one loan, but most, if not all, off your monthly outgoings.

A new type of insurance with the ability to protect a basket of all your usual regular monthly commitments, from mortgage or rental payments to utility bills, insurances and the Sky TV direct debit.

The mortgages, loans and other commitments you have will vary over the years as will your circumstances and consequently the level of protection you feel is appropriate for you. Your Keystone Policy is designed with the intention that you can keep the same policy for many years, altering the different commitments that you cover and also the level of cover that applies.

It is fully portable and fully flexible and, unlike most Income Protection Policies, covers full involuntary unemployment, there is no prior underwriting and it can cover up to 90% of the customer's net income to a maximum of £3,000.

Benefits of Lifestyle Protection Insurance

• Age banded ( 8 age bands ). When you take the policy out you stay in that banding so its good to get when your young
• Premiums are guaranteed for the term of the plan. There are no premium reviews or age banded increases, no matter how many claims you make. This gives you ongoing peace of mind knowing that premiums will never increase. In contrast, traditional MPPI is a reviewable contract, where premiums may be increased in the future.
• No Medical underwriting necessary
• Flexible – cover and benefits can be changed throughout the life of the plan
• Meets the exacting requirements of the FSA