David Allan

Experly compared by David Allan

Products Updated April 20, 2018

Mortgage Payment Protection

If you want to protect your mortgage payments then we can help. Our experts and providers can find you a great deal from the marketplace.

FREE life insurance advice and comparison. Our experts can help find you a great deal from providers across the whole marketplace:

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All credit types
Rated 4.8/ 5

Lifes Great

Provider
Lifes Great

Products
Life Insurance

Speciality
Compares The Market

Whether you are looking for a cash lump sum payout or decreasing term mortgage life insurance, Lifes Great can provide you with a quote and a recommendation in under a minute. Free to use and you are under no obligation to proceed with any quote given.

Learn More Available via broker only
All credit types
Rated 4.6/ 5

Vitality

Provider
Vitality

Products
Life Insurance

Speciality

If the worst should happen, or you can’t work because of illness or injury, Vitality Life's 5-star Defaqto award-winning range of protection products will give you or your family payments to make things easier.

Available via broker only
All credit types
Rated 4.2/ 5

Zurich

Provider
Zurich Life Insurance

Products
Life Insurance

Speciality
Life Insurance

Zurich Life Insurance will pay out a cash sum if you die during the term of the policy, or if you are diagnosed with a terminal illness and are expected to live for less than 12 months. Plans can be tailored with optional extras to suit your individual requirements and to provide added peace of mind.

Available via broker only
All credit types
Rated 4.7/ 5

Friends Life

Provider
Friends Life

Products
Life Insurance

Speciality
Life Insurance

Friends Life is now part of the Aviva Group. Get the cover you need to protect your family and loved ones when you're no longer around.

Available via broker only
All credit types
Rated 4.5/ 5

LV

Provider
Liverpool Victoria

Products
Life Insurance

Speciality
Life Insurance

Life insurance from Liverpool Victoria will pay a lump sum should the worst happen, so you will have peace of mind that your family and loved ones will be financially protected when you’re no longer here. Even superheroes need protection.

Available via broker only
All credit types
Rated 4.6/ 5

Legal & General

Provider
Legal & General

Products
Life Insurance

Speciality
Life Insurance

Life cover or life assurance helps you to financially protect the future of your loved ones. Life Insurance from Legal and General offers reassurance that your loved ones or family will still be looked after financially should the worst happen.

Available via broker only
All credit types
Rated 4.5/ 5

Royal London

Provider
Royal London

Products
Life Insurance

Speciality
Life Insurance

With a policy in place with Royal London , you can leave money to your loved ones when you pass away, to help protect your family financially. Get a free quote or apply online.

Available via broker only
All credit types
Rated 4.6/ 5

Ageon

Provider
Ageon Life Insurance

Products
Life Insurance

Speciality
Life Insurance

Ageon is here to help you reach your goals at every stage of your life. Part of that involves putting plans in place to adequately protect and insure you against the unexpected things in life.

 

FAQ's

What is Mortgage Payment Protection?

Mortgage payment protection insurance is put in place to cover the cost of your mortgage payments should an accident, illness or unemployment prevent the policy holder from working. This type of policy will only cover you for a maximum of up to a year. The benefit amount paid out at a set amount per month will cover the cost of your mortgage repayment.

There is also a death benefit payable should the worst happen and the policy holder passes away. A lump sum would be released to cover the cost of your mortgage should you die.

How does it work?

A monthly premium is paid via direct debit. If you find that you are unable to work whilst covered, whether it is due to an accident, sickness or redundancy and decide to make a claim a payment benefit would then be released up to the time you return to work. Subject to the policy agreements.

Your Mortgage payment protection insurance policy will start paying out after a set period of time which is stated in your policy should there be a reason you are unable to work.

The majority of people are reliant on their life insurance to cover all the costs. The main difference here is that some people find it difficult to obtain affordable life insurance due to their age or medical conditions. If this is the case then mortgage payment protection would be the better option to ensure the protection of your family and finances.

What are the features?

  • Flexible cover options available- You can choose a policy that protects you and your family at an affordable rate.
  • Easy payment process- Payments are taken by direct debit once all details are passed on to us, this makes the payment process efficient and simple for the policy holder.
  • Protection of your mortgage repayment- Gives you peace of mind that your bills are covered should anything happen to you.
  • Single or joint cover available- Single cover is available to cover just one person so the policy would only pay out the once, however, a joint policy is also there as another option, so there would then be a pay out for the two persons named on the policy.
  • Various conditions and illnesses are covered- The policy covers you for a wide range of illnesses and conditions ensuring you, your family and your finances are all protected.

What are the benefits?

  • High Acceptance Rate- There are very few reasons as to why you would be refused mortgage protection insurance. The majority of people are reliant on their life insurance to cover all the costs. The main difference here is that some people really find it hard to get affordable life insurance due to their age or medical conditions. If this is the problem then mortgage payment protection would be the better option to ensure the protection of your family.
  • Peace Of Mind- The thought crosses everyone's mind at some point “will I ever need to use the insurance”. By having this policy in place it offers you that comfort, knowing it is there to fall back on should anything happen.

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Rating: 4.6 / 5 with 25 votes

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