Everybody is different, and we all have different lifestyles. If you lose your income through sickness, an accident or involuntary unemployment, you want cover in place that’s right for you.
We all know that when you stop, regardless of what happens to you, your life unfortunately doesn’t. Mortgage Payment Protection is a short-term income protection designed to help you to maintain your lifestyle. It pays monthly benefit for up to 12 months if you can’t work due to an accident, sickness or involuntary unemployment and you can select when you want your policy to start i.e. after 30,60 or 90 days.
You can have an option of having the following cover:
Mortgage Payment Protection will typically cost £4.71 a month for every £100 of monthly benefit. This is based on 36 year old customer choosing £850 of accident, sickness and unemployment monthly benefit with claims paid after 30 day deferred period. The cost of this insurance depends on a number of factors, such as your age, where you live and your occupation. As a result, the cost you will pay is based on your own circumstances.
In tough times, it’s natural to worry about what would happen if you were unable to work. If your income disappears you could soon be struggling to keep a roof over your head or take care of your family as you want to. Even if you have savings, you may quickly use these up.
THE STATE CAN HELP – BUT IS IT ENOUGH?
If you are unable to work, income-related benefits from the Government may be available, but they are limited.
themortgagechoice are experienced mortgage brokers based in Byfleet, Surrey. We work with clients in Guildford, Woking and across the United Kingdom.
As with all insurance policies, conditions and exclusions will apply.
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