Saturday December 7, 2019

Ask the Money Doctor: John Lowe on family finance

Take care if you protect your income

30th March, 2014

Question: I have applied for a €10,000 loan to pay off a few small debts, as well as for minor home improvements and a holiday. Although I am in a secure job and I have some savings, recent news stories of redundancies have made me nervous. I am now considering taking out payment protection insurance on the loan. My savings are equivalent to five months' salary. Do I need this cover?

James, Longford

**Answer:** The...

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