How Much Will It Cost?

You can have Mortgage Payment Protection Insurance for either unemployment alone, sickness and accident, or all three. The costs of the policies we sell are as follows: -

  • Cover for disability (that’s sickness or accident) £2.45 per £100 of monthly mortgage payment
  • Cover for just unemployment £2.45 per £100 of monthly mortgage payment
  • Cover for disability and unemployment (both) £3.95 per £100 of monthly mortgage payment
  • AND the first three months cover for your new policy is totally FREE OF CHARGE
  • Over the last five years 28 % of people have been off work for more than a month due to illness or accident.

Hot Topics

For how long will the policy continue to pay your mortgage?
The Mortgage Payment Protection Insurance will pay your mortgage for up to 12 months or up to when you return to work, whichever is the sooner.
Can you keep your Life policy on if you pay your mortgage off early?
As far as the insurance company is concerned, until your policy reaches the end of its term and you continue to pay the premiums, you remain insured.
What is Mortgage Payment Protection Insurance?
Mortgage Payment Protection Insurance pays your monthly mortgage repayment if you were off work due to sickness, accident, or unemployment. (Don’t forget that your home is at risk if you fail to keep up the repayment of loans secured against it.)
You want to ensure that your mortgage is paid off if you were to die or become seriously ill and could not work again. What sort of life insurance do you need?
You need either Life Insurance if you have an interest only mortgage, or Mortgage Life Insurance if you have a repayment mortgage. Then you need to add Critical Illness Insurance. You can do this all in one policy.
Should I include Terminal Illness Insurance?
Terminal Illness Insurance is generally included at no extra cost on all Mortgage Life, Life and Critical Illness policies.
One in three people aged between 25 and 34 have experienced unemployment for more than a month.

Under this policy the insurance company will continue to pay your mortgage for up to 12 months under any single claim. You have to be off work for 30 days before you can make a claim but the claim is then backdated to the first day you were off.

Frequently Asked Questions related to the above topic.
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