What's better than PPI?

PPI has a terrible reputation these days, so what can you do to protect your income if disaster strikes?

PPI (payment protection insurance) rightly has a very poor reputation these days. Most policies were right royal rip-offs and I'm delighted that millions of people can now claim compensation.

That said, the basic idea behind PPI wasn't completely stupid. If you're made redundant or can't work due to sickness, you're probably going to struggle to pay your bills. Especially your mortgage and any other loans you may have. Taking out insurance to cover you in that situation makes sense.