Change may be beneficial for students and teachers

Teachers have recognised student difficulties with extreme temperatures and ask for change.

09:39 23 July 2013

Teachers are calling for temperature maximums so that students will be sent home if the heat is unbearable. Change is successful when people are aware that a problem exists and are willing to provide a potential solution for consideration.

Such was the case when people became aware of the issues surrounding Payment Protection Insurance. People who weren’t able to take advantage of the benefits, or who had not asked for the product were suddenly paying for it.

It suddenly gave Payment Protection Insurance a bad, and somewhat undeserved, reputation. Here are the important factors to remember about this type of insurance:

• This is not an income replacement programme and will not pay all your bills if you have an eligible life situation that qualifies you to receive Payment Protection Insurance benefits.

 

• The insurance is intended for covering the payment of certain types of loans such as mortgages, vehicle loans, and credit cards.

 

• Payment Protection Insurance can be offered through the companies that take care of your loans, or through one primary company that is capable of insuring all of your loans regardless of what company manages them.

 

• Consumers are not eligible to receive Payment Protection Insurance if they are unemployed, self-employed, or are a contract worker. If you meet any of these criteria, you won’t be able to apply for Payment Protection Insurance because you would never be eligible to receive benefits.

 

• There is a limited amount of time that consumers are able to receive the benefits from Payment Protection Insurance, for some companies the time limit might be one year, for others it might be six months. If you decide to get protection on your loans, ask your specific provider what their terms are.

 

• The types of scenarios that qualify consumers to receive Payment Protection Insurance benefits are sudden unemployment, hospitalisation, severe or extended illness or other circumstance that prevent normal work habits.