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Hot Topics
- Will Mortgage Payment Protection Insurance pay out immediately you make a claim?
- As long as you are off work for 30 days - you can then make your claim.
- Do you have to buy your Mortgage Payment Protection Insurance through your mortgage lender or mortgage broker?
- No, you don’t have to buy through your mortgage lender or mortgage broker and it will almost certainly be cheaper here online.
- 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.
- How Much Should You Insure For?
- For mortgage protection purposes the initial sum insured must always equal the capital sum outstanding on your mortgage. You should also insure yourself for the same number of years that are remaining on your mortgage.
- Will you have to pay a fee to your mortgage lender if you don’t buy your Life Insurance through them?
- No! By law mortgage lenders are not allowed to charge a fee if you choose to shop elsewhere.
Will Mortgage Payment Protection Insurance pay out immediately you make a claim?
As long as you are off work for 30 days - you can then make your claim.
You will then receive an immediate payout, backdated to the first day you were off.
Frequently Asked Questions related to the above topic.
Click below if you wish to read them: -
- What is Mortgage Payment Protection Insurance?
- Is Mortgage Payment Protection Insurance the same as a Mortgage Insurance Guarantee?
- Will the Mortgage Payment Protection Insurance pay your interest and capital?
- 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 much should you insure for?
- How long should you insure for?
- Do you have to buy your Mortgage Payment Protection Insurance through your mortgage lender or mortgage broker?
- Will a claim under a Mortgage Payment Protection policy affect any State benefits to which you may be entitled?
- Go to menu of Frequently asked Questions about Mortgage Payment Protection Insurance




