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Why should you have Mortgage Payment Protection Insurance?: Your home is at risk if you fail to keep up the repayment of loans secured against it.
Will a claim under a Mortgage Payment Protection policy affect any State benefits to which you may be entitled?: No. Whilst you are using Mortgage Payment Protection Insurance to replace your income and meet your monthly mortgage repayments, insurance payouts do not qualify as income in the eyes of the Benefits Agency or the Inland Revenue.
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.
When would normal Life Insurance be used in connection with a mortgage?: Term Insurance is another name for Life Insurance. Normal Life Insurance is used if you have an interest only mortgage.
You want to ensure that your monthly mortgage repayments are paid on your behalf if you were off work due to sickness, accident or unemployment. What sort of insurance do you need?: You need Mortgage Payment Protection Insurance. This type of insurance is also know as Accident, Sickness and unemployment (ASU) Insurance.

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.

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.
Click below if you wish to read them: -

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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.

Hot Topics

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: -

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

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