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Is Mortgage Payment Protection Insurance the same as a Mortgage Insurance Guarantee?: No. Mortgage Payment Protection Insurance is totally different to a Mortgage Insurance Guarantee.
Are There Any Situations That Would Result In My Claim Being Refused?: Yes there are the usual exclusions. These are summarised below but you should carefully read the paperwork that comes with your insurance documents.
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.
Is there any investment value in your policy?: No. Once the policy has come to the end of its term the policy simply ends. It’s a bit like house 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.

Terminal Illness Insurance will pay out if you are diagnosed with an illness from which a Doctor expects you to die within 12 months of diagnosis.

Insurance companies do not offer Terminal Illness Insurance as a separate, stand alone policy. It is always combined with another form of insurance.

But please ensure you know the difference between Terminal Illness cover and Critical Illness cover. Terminal Illness cover is not the same as Critical Illness cover.

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