How much should you insure for?

The rate you pay is charged per £100 of income you need. So, you should insure for the next £100 above the cost of your monthly mortgage repayment.

Mortgage Payment Protection Insurance will replace lost income and meet your monthly mortgage repayments for up to 12 months. Mortgage Payment Protection Insurance will not repay the outstanding capital you owe your mortgage lender if you were to die or become critically ill or unable to ever work again. You need Life Insurance to protect you in case you were to die and Critical Illness Insurance in case you became critically ill or unable to ever work again.

Frequently Asked Questions related to the above topic.
Click below if you wish to read them: -

• What is mortgage life insurance ?
• What happens if you need mortgage cover quickly for a house purchase ?
• Is there any investment value ?
• What is Short Term Income Protection Insurance? (Also known as Accident Sickness and
• What is Mortgage Payment Protection Insurance?
• Is Mortgage Payment Protection Insurance the same as a Mortgage Insurance Guarantee?
• Will Mortgage Payment Protection Insurance pay out immediately you make a claim?
• Are there any situations that would result in your claim being refused?
• You want a lump sum if you were to die or become very seriously ill and could not work again. What sort of insurance do you need?
• How long should you insure for?
• Do you have to buy your Mortgage Payment Protection Insurance through your mortgage lender or mortgage broker?
• When would normal life insurance be used in connection with a mortgage ?
• Should you have a “Guaranteed” or a “Reviewable” policy?
• Go to menu of Frequently asked Questions about Mortgage Payment Protection Insurance
• Go to menu of Frequently asked Questions about Critical Illness Insurance
• Go to menu of Frequently asked Questions about Critical Illness Insurance
• Go to menu of Frequently asked Questions about Life Insurance

-- Please Note --
This web site is owned by Andromeda Webs Ltd. Andromeda Webs Ltd, is an Appointed Representative of Web Publishing House Ltd. Web Publishing House Ltd is authorised and regulated by the Financial Services Authority for insurance mediation.