Teachers Loan Cover

You can also choose our optional Teachers Loan Cover which has been designed with guidance from the NASUWT, specifically to complement the sickness benefits that teachers receive from their Local Education Authority.

This means you only pay for the cover you actually need, so the cost is significantly lower than other Payment Protection Insurance policies.

The optional Teachers Loan Cover meets the demands and needs of those teachers who wish to protect their loan repayments in the event of accident, sickness or unemployment. This also includes full repayment of a loan in the event of death.

If you already have Permanent Health insurance or an Income Protection policy, Payment Protection insurance may not be suitable as any payment from the Permanent Health insurance or Income Protection policy could be reduced. If you are in doubt please discuss this with your Financial Consultant.

To be eligible to take out Teachers Loan Cover you must be over 18 but under 65 years of age when the policy ends, actively working and resident in the UK. As with all insurance policies some exceptions and exclusions may apply.

If your circumstances change during the term of your loan agreement, it may affect the benefits you are eligible for under your Loan Protection insurance policy. Please read the Teachers Loan Cover Key Facts, which can be accessed via the link below.

Accident and Sickness and Unemployment Cover arranged with UK Underwriting Limited on behalf of AXA Insurance UK plc. Life Cover arranged with Compass Underwriting Limited on behalf of Sterling Life Limited.

Please click on the link below for a copy of the important Payment Protection Insurance (PPI) Key Facts. For the full terms and conditions of your Loan Protection Insurance, please refer to the Policy Document.