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.

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.

• 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.

• 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.