Payment Protection cover

I'm returing to University next year as a mature student do to a post-graduate course.

I'm taking out a loan to cover some of the cost of the year - around 12,000 euro.

I'm not worried about paying back the loan as the post-grad will mean my earning potential will increase.

However, a relative is guaranteeing the loan for me and I don't want them saddled with the loan if I get hit by a bus !

I was thinking of taking out payment protection insurance but know it's really bad value for money ..

Would it ve viable to take out a life policy for the amount instead and take my chances that I won't get ill etc ...

Any advice greatly appreciated !!!

Hi sarah,

I'm in the exact same position as you, only starting to look into this now! Just wondering if you found the answer to your question about the life insurance policy?

Did you ask the relative what he/she thinks? They may be happy enough to risk it?