Brits urged to buy PPI to stave off crunch

The price comparison site says with jobs becoming a more common casualty of the credit crunch, many Britons may be looking for ways to insure their salary should they face redundancy or be unable to work through illness or accident. It is encouraging consumers to consider payment protection insurance (PPI), the only protection product that pays out a monthly sum if people lose their jobs. However, despite this potential lifeline, moneysupermarket says research it has carried out suggests only one in seven Britons have a PPI policy. Almost a quarter of people do not know what PPI is, it ...