Hot Topics
- 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.)
- 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: -
- What is Mortgage Life Insurance?
-
Mortgage Life Insurance is sometimes called Mortgage Protection Insurance.
- 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.)
- 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.
How long should you insure for?
For mortgage protection purposes you should also insure yourself for the same number of years that are remaining on your mortgage. The initial sum insured should always equal the capital sum outstanding on your mortgage.
All proceeds from insurance policies are tax-free.
IMPORTANT.
If you want insurance cover to pay your monthly mortgage payments if you were off work through sickness, accident or unemployment, then you need Mortgage Payment Protection Insurance.
If you want insurance cover to repay all your outstanding mortgage capital if you became critically ill, you need Critical Illness Insurance.
Frequently Asked Questions related to the above topic.
Click below if you wish to read them: -
|
