If you find yourself in the unfortunate position of being unable to work due to sickness, ill health or injury, how would you continue to pay your mortgage and keep a roof over your head? Our experts can ensure you have a policy in place to protect your mortgage payments now and in the future.
2 providers expertly compared:
Provider
ActiveQuote
Products
Income & Life Protection
speciality
Income Protection
ActiveQuote will compare the market place to find you the best deal on Income Protection. They can quickly search and compare against their panel of providers to find you the cheapest deal that meets your needs. The whole process only takes a few minutes online.
2 providers expertly compared:
Available via broker only
Provider
Aviva Income Protection
Products
Income & Life Protection
speciality
Income Protection
When unexpected things happens, we know that what matters is having peace of mind from a policy you can trust. Aviva's Income Protection cover is very straightforward, simple to arrange and is individual to you and your families needs.
If you find yourself in the unfortunate position of being unable to work due to sickness, ill health or injury, how would you continue to pay your mortgage and keep a roof over your head?
If you have sick pay to fall back on then that will help, but what if your sick pay runs out while you are recovering?
Cover your mortgage payments if you’re unable to work
Income Protection for mortgage would help to cover your mortgage by paying out a benefit amount that is tax free regularly. The policy is created and put in place to protect both you and your salary by covering and protecting a percentage of your income should you be unable to work.
This type of cover can be put in place to begin once your sick pay or any other insurance policy comes to an end. The benefit amount will be released once the agreed waiting period (deferred period) has come to an end- You should consider taking out cover to ensure that you are fully protected.
If you are unable to work for reasons such as sickness, ill health or injury important bills such as your mortgage will still be covered. While you are unable to work, a claim can be made and the benefit amount will then be released once the agreed waiting period known as the deferred period has come to an end. You will then be given a tax free payout on a regular basis up to the point where you return to work, you reach your retirement age or the policy holder passes away. Unlike most insurance policies, a claim can be made as many times as you wish providing the claim is valid.
There are many important features that come with Income Protection for mortgage, and these include;
There is a huge range of benefits available with this type of policy, and these include:
